Skip to main content
Loading page
Jefferson County/Birmingham/35216

35216

ZIPSAFMR
Jefferson County, AL
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,450$1,520
1 BR$1,560$1,100
2 BR$1,700$1,860
3 BR$2,140$2,190
4 BR$2,400$2,450
5 BR$2,760Not available
6 BR$3,174Not available
7 BR$3,650Not available
8 BR$4,198Not available

Purchase Price Calculator

Maximum purchase price
$214,479

Cost breakdown

+Likely effective rent$1,860
HUD FMR$1,700
Market rent$1,940
Est. payment standard (109%)Used$1,860
-Principal and interest-$1,085
Loan amount$171,583
Down payment$42,896
Rate6.50%
Term30 years
-Operating costs-$575
Property taxes-$214
Insurance-$175
Utilities$0
HOA$0
Management-$186
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,839(69.6% ROI)
Projected value
$230,970
Return breakdown
Property appreciation+$16,491
Loan principal paid down+$6,147
Rental cash flow+$7,200
5-year hold
+$51,147(119.2% ROI)
Projected value
$242,663
Return breakdown
Property appreciation+$28,184
Loan principal paid down+$10,962
Rental cash flow+$12,000
10-year hold
+$110,194(256.9% ROI)
Projected value
$274,551
Return breakdown
Property appreciation+$60,072
Loan principal paid down+$26,122
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.94
1 BR
1.42
2 BR
0.88
3 BR
0.97
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 35216 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35216 (Birmingham, AL) is $1,700 a month. That is up 6.9% from $1,590 in FY 2026. Birmingham 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, 35216 has the 8th-highest two-bedroom rent (county range $920–$2,060). The median county two-bedroom FMR in Alabama is $975, so ZIP 35216 is 74% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35216
BedroomsFY 2027Change90–110% range
Studio$1,450+12.4%$1,305–$1,595
1BR$1,560+7.6%$1,404–$1,716
2BR$1,700+6.9%$1,530–$1,870
3BR$2,140+7.5%$1,926–$2,354
4BR$2,400+6.2%$2,160–$2,640

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35216
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,450$1,560$1,700$2,140$2,400
FY 2026$1,290$1,450$1,590$1,990$2,260
FY 2025$1,210$1,380$1,530$1,910$2,160
FY 2024$1,190$1,350$1,510$1,900$2,130
FY 2023$1,070$1,170$1,330$1,700$1,850

Two-bedroom rent in nearby Jefferson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35216
35210$1,340−21.2%
35211$1,230−27.6%
35212$1,040−38.8%
35213$2,060+21.2%
35214$1,210−28.8%
35215$1,400−17.6%
35216Current$1,700—
35217$1,120−34.1%
35218$1,110−34.7%
35219$1,370−19.4%
35220$1,370−19.4%
35221$1,200−29.4%

Questions about ZIP 35216 rents

How much will Section 8 pay for a two-bedroom in ZIP 35216?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,700, that basic range is $1,530 to $1,870 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 35216 in?

ZIP 35216 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 35216 for FY 2027?

The two-bedroom FMR rose 6.9%, from $1,590 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has risen 27.8%.

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