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Madison County/Owens Cross Roads/35763

35763

ZIPSAFMR
Madison County, AL
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,680$1,390
1 BR$1,760$1,330
2 BR$2,010$1,390
3 BR$2,600$1,660
4 BR$3,360$2,040
5 BR$3,864Not available
6 BR$4,444Not available
7 BR$5,110Not available
8 BR$5,877Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMR$2,010
Market rentUsed$1,390
Est. payment standard (90%)$1,810
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.21
1 BR
1.32
2 BR
1.45
3 BR
1.57
4 BR
1.65
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 35763 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35763 (Owens Cross Roads, AL) is $2,010 a month. That is up 2.0% from $1,970 in FY 2026. Owens Cross Roads 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 29 ZIP codes in Madison County, 35763 is tied for the highest two-bedroom rent (county range $1,180–$2,010). The median county two-bedroom FMR in Alabama is $975, so ZIP 35763 is 106% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35763
BedroomsFY 2027Change90–110% range
Studio$1,680+8.4%$1,512–$1,848
1BR$1,760+2.9%$1,584–$1,936
2BR$2,010+2.0%$1,809–$2,211
3BR$2,600+2.4%$2,340–$2,860
4BR$3,360+6.0%$3,024–$3,696

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35763
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,680$1,760$2,010$2,600$3,360
FY 2026$1,550$1,710$1,970$2,540$3,170
FY 2025$1,390$1,610$1,870$2,410$2,940
FY 2024$1,350$1,600$1,870$2,430$2,900
FY 2023$1,100$1,300$1,540$2,030$2,410

Two-bedroom rent in nearby Madison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35763
35741$1,510−24.9%
35748$1,180−41.3%
35749$1,630−18.9%
35750$1,270−36.8%
35757$1,750−12.9%
35758$1,630−18.9%
35759$1,650−17.9%
35761$1,220−39.3%
35762$1,370−31.8%
35763Current$2,010—
35773$1,370−31.8%
35801$1,450−27.9%

Questions about ZIP 35763 rents

How much will Section 8 pay for a two-bedroom in ZIP 35763?

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 $2,010 it would be $1,809 to $2,211. 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 35763 in?

ZIP 35763 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 35763 for FY 2027?

The two-bedroom FMR rose 2.0%, from $1,970 in FY 2026 to $2,010 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

County fair market rentOwens Cross Roads, AL fair market rentAL statewide rentsWhat is SAFMR?Data sources