FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR
1.07ratio
FMR$1,530
Market$1,430
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR
1.14ratio
FMR$1,760
Market$1,540
vs market+$220
FMR is above market; underwrite to market rent.
1.14
3 BR
3 BR
1.41ratio
FMR$2,270
Market$1,610
vs market+$660
FMR is above market; underwrite to market rent.
1.41
4 BR
4 BR
1.20ratio
FMR$2,830
Market$2,360
vs market+$470
FMR is above market; underwrite to market rent.
1.20
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
--
ZIP 35615 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35615 (Belle Mina, AL) is $1,760 a month. That is down 9.7% from $1,950 in FY 2026. Belle Mina is in the Huntsville, AL MSA. 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 $1,341. Among 11 ZIP codes in Limestone County, 35615 is tied for the 2nd-highest two-bedroom rent (county range $1,180–$2,010). The median county two-bedroom FMR in Alabama is $975, so ZIP 35615 is 81% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 35615
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,530
$1,380
−9.8%
$1,242–$1,518
1BR
$1,690
$1,530
−9.5%
$1,377–$1,683
2BR
$1,950
$1,760
−9.7%
$1,584–$1,936
3BR
$2,520
$2,270
−9.9%
$2,043–$2,497
4BR
$3,140
$2,830
−9.9%
$2,547–$3,113
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 35615
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,380
$1,530
$1,760
$2,270
$2,830
FY 2026
$1,530
$1,690
$1,950
$2,520
$3,140
FY 2025
$810
$970
$1,130
$1,460
$1,750
FY 2024
$750
$890
$1,050
$1,380
$1,640
FY 2023
$830
$980
$1,160
$1,530
$1,820
Two-bedroom rent in nearby Limestone County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 35615?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,341, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,207 to $1,475 a month; under the ZIP-level Small Area FMR of $1,760 it would be $1,584 to $1,936. 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 35615 in?
ZIP 35615 is in the Huntsville, AL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,341.
How much did fair market rent change in ZIP 35615 for FY 2027?
The two-bedroom FMR fell 9.7%, from $1,950 in FY 2026 to $1,760 in FY 2027. Since FY 2023 it has risen 51.7%.
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