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Jefferson County/Pell City/35128

35128

ZIPSAFMR
Jefferson County, AL
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$1,270$1,340
1 BR$1,360$1,320
2 BR$1,480$1,360
3 BR$1,860$1,540
4 BR$2,090$1,770
5 BR$2,404Not available
6 BR$2,764Not available
7 BR$3,179Not available
8 BR$3,655Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMR$1,480
Market rentUsed$1,360
Est. payment standard (95%)$1,400
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.92
1 BR
1.03
2 BR
1.09
3 BR
1.21
4 BR
1.18
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 35128 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35128 (Pell City, AL) is $1,480 a month. That is up 13.0% from $1,310 in FY 2026. Pell City 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, 35128 is tied for the 17th-highest two-bedroom rent (county range $920–$2,060). The median county two-bedroom FMR in Alabama is $975, so ZIP 35128 is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35128
BedroomsFY 2027Change90–110% range
Studio$1,270+19.8%$1,143–$1,397
1BR$1,360+13.3%$1,224–$1,496
2BR$1,480+13.0%$1,332–$1,628
3BR$1,860+13.4%$1,674–$2,046
4BR$2,090+12.4%$1,881–$2,299

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35128
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,270$1,360$1,480$1,860$2,090
FY 2026$1,060$1,200$1,310$1,640$1,860
FY 2025$990$1,140$1,260$1,570$1,780
FY 2024$930$1,050$1,180$1,490$1,660
FY 2023$800$870$990$1,270$1,380

Two-bedroom rent in nearby Jefferson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35128
35116$1,090−26.4%
35117$1,350−8.8%
35118$1,210−18.2%
35119$1,370−7.4%
35121$920−37.8%
35126$1,550+4.7%
35127$1,600+8.1%
35128Current$1,480—
35130$920−37.8%
35131$920−37.8%
35133$1,140−23.0%
35135$1,400−5.4%

Questions about ZIP 35128 rents

How much will Section 8 pay for a two-bedroom in ZIP 35128?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,480, that basic range is $1,332 to $1,628 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 35128 in?

ZIP 35128 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 35128 for FY 2027?

The two-bedroom FMR rose 13.0%, from $1,310 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 49.5%.

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

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