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Chilton County/Jemison/35085

35085

ZIPSAFMR
Chilton County, AL
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$810$890
1 BR$820$900
2 BR$1,070$1,180
3 BR$1,350$1,450
4 BR$1,690$1,640
5 BR$1,943Not available
6 BR$2,235Not available
7 BR$2,570Not available
8 BR$2,956Not available

Purchase Price Calculator

Maximum purchase price
$113,431

Cost breakdown

+Likely effective rent$1,180
HUD FMR$1,070
Market rent$1,300
Est. payment standard (110%)Used$1,180
-Principal and interest-$574
Loan amount$90,745
Down payment$22,686
Rate6.50%
Term30 years
-Operating costs-$406
Property taxes-$113
Insurance-$175
Utilities$0
HOA$0
Management-$118
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,173(84.5% ROI)
Projected value
$122,153
Return breakdown
Property appreciation+$8,722
Loan principal paid down+$3,251
Rental cash flow+$7,200
5-year hold
+$32,703(144.2% ROI)
Projected value
$128,337
Return breakdown
Property appreciation+$14,906
Loan principal paid down+$5,798
Rental cash flow+$12,000
10-year hold
+$69,585(306.7% ROI)
Projected value
$145,201
Return breakdown
Property appreciation+$31,770
Loan principal paid down+$13,815
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.58
1 BR
0.77
2 BR
0.82
3 BR
0.89
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 35085 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35085 (Jemison, AL) is $1,070 a month. That is up 9.2% from $980 in FY 2026. Jemison is in the Chilton County, AL HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,038. Among 4 ZIP codes in Chilton County, 35085 has the 3rd-highest two-bedroom rent (county range $1,050–$1,120). The median county two-bedroom FMR in Alabama is $975, so ZIP 35085 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35085
BedroomsFY 2027Change90–110% range
Studio$810+9.5%$729–$891
1BR$820+9.3%$738–$902
2BR$1,070+9.2%$963–$1,177
3BR$1,350+4.7%$1,215–$1,485
4BR$1,690+15.8%$1,521–$1,859

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35085
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$820$1,070$1,350$1,690
FY 2026$740$750$980$1,290$1,460
FY 2025$700$700$910$1,240$1,250
FY 2024$690$700$870$1,180$1,190
FY 2023$640$660$780$1,070$1,070

Two-bedroom rent in nearby Chilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35085
35045$1,080+0.9%
35085Current$1,070—
35171$1,120+4.7%
36790$1,050−1.9%

Questions about ZIP 35085 rents

How much will Section 8 pay for a two-bedroom in ZIP 35085?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,038, which applies unless the housing authority uses Small Area FMRs, that basic range is $934 to $1,142 a month; under the ZIP-level Small Area FMR of $1,070 it would be $963 to $1,177. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 35085 in?

ZIP 35085 is in the Chilton County, AL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,038.

How much did fair market rent change in ZIP 35085 for FY 2027?

The two-bedroom FMR rose 9.2%, from $980 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 37.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentJemison, AL fair market rentAL statewide rentsWhat is SAFMR?Data sources