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Jackson County/Stevenson/35772

35772

ZIPSAFMR
Jackson County, AL
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$770$770
1 BR$770$770
2 BR$980$980
3 BR$1,310$1,310
4 BR$1,550$1,550
5 BR$1,782Not available
6 BR$2,050Not available
7 BR$2,357Not available
8 BR$2,711Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMRUsed$980
Market rentN/A
Est. payment standardN/A
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 35772 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35772 (Stevenson, AL) is $980 a month. That is up 21.0% from $810 in FY 2026. Stevenson is in the Jackson County, AL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $921. Among 19 ZIP codes in Jackson County, 35772 has the 9th-highest two-bedroom rent (county range $920–$1,330).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35772
BedroomsFY 2027Change90–110% range
Studio$770+28.3%$693–$847
1BR$770+14.9%$693–$847
2BR$980+21.0%$882–$1,078
3BR$1,310+24.8%$1,179–$1,441
4BR$1,550+20.2%$1,395–$1,705

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35772
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$770$770$980$1,310$1,550
FY 2026$600$670$810$1,050$1,290
FY 2025$600$690$810$1,010$1,300
FY 2024area FMR$642$748$857$1,051$1,406
FY 2023area FMR$560$624$740$901$1,247

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Jackson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35772
35755$930−5.1%
35760$1,180+20.4%
35764$950−3.1%
35765$920−6.1%
35766$1,160+18.4%
35768$930−5.1%
35769$950−3.1%
35771$920−6.1%
35772Current$980—
35774$920−6.1%
35775$1,330+35.7%
35776$1,180+20.4%

Questions about ZIP 35772 rents

How much will Section 8 pay for a two-bedroom in ZIP 35772?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $921, which applies unless the housing authority uses Small Area FMRs, that basic range is $829 to $1,013 a month; under the ZIP-level Small Area FMR of $980 it would be $882 to $1,078. 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 35772 in?

ZIP 35772 is in the Jackson County, AL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $921.

How much did fair market rent change in ZIP 35772 for FY 2027?

The two-bedroom FMR rose 21.0%, from $810 in FY 2026 to $980 in FY 2027. Since FY 2025 it has risen 21.0%.

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