FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR
1.34ratio
FMR$1,260
Market$940
vs market+$320
FMR is above market; underwrite to market rent.
1.34
2 BR
2 BR
1.13ratio
FMR$1,370
Market$1,210
vs market+$160
FMR is above market; underwrite to market rent.
1.13
3 BR
3 BR
1.05ratio
FMR$1,720
Market$1,640
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
1.09ratio
FMR$1,930
Market$1,770
vs market+$160
FMR is near market; voucher and private rents are aligned.
1.09
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 35119 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35119 (New Castle, AL) is $1,370 a month. That is up 8.7% from $1,260 in FY 2026. New Castle is in the Birmingham-Hoover, AL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 108 ZIP codes in Jefferson County, 35119 is tied for the 26th-highest two-bedroom rent (county range $920–$2,060). The median county two-bedroom FMR in Alabama is $975, so ZIP 35119 is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 35119
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$1,170
+14.7%
$1,053–$1,287
1BR
$1,150
$1,260
+9.6%
$1,134–$1,386
2BR
$1,260
$1,370
+8.7%
$1,233–$1,507
3BR
$1,580
$1,720
+8.9%
$1,548–$1,892
4BR
$1,790
$1,930
+7.8%
$1,737–$2,123
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 35119
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,260
$1,370
$1,720
$1,930
FY 2026
$1,020
$1,150
$1,260
$1,580
$1,790
FY 2025
$960
$1,100
$1,220
$1,520
$1,720
FY 2024
$930
$1,050
$1,180
$1,480
$1,660
FY 2023
$840
$920
$1,050
$1,340
$1,460
Two-bedroom rent in nearby Jefferson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 35119?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,370, that basic range is $1,233 to $1,507 a month. 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 35119 in?
ZIP 35119 is in the Birmingham-Hoover, AL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 35119 for FY 2027?
The two-bedroom FMR rose 8.7%, from $1,260 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 30.5%.
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