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Madison County/Huntsville/35803

35803

ZIPSAFMR
Madison County, AL
Zillow

ZIP Investment Score

86Below average

095130300
BRFMR
Eff. Rent
0 BR$1,190$1,020
1 BR$1,260$1,030
2 BR$1,430$1,320
3 BR$1,850$1,730
4 BR$2,390$2,030
5 BR$2,749Not available
6 BR$3,161Not available
7 BR$3,635Not available
8 BR$4,180Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMR$1,430
Market rentUsed$1,320
Est. payment standard (95%)$1,360
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.22
2 BR
1.08
3 BR
1.07
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 35803 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35803 (Huntsville, AL) is $1,430 a month. That is up 2.9% from $1,390 in FY 2026. Huntsville 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, 35803 has the 11th-highest two-bedroom rent (county range $1,180–$2,010). The median county two-bedroom FMR in Alabama is $975, so ZIP 35803 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35803
BedroomsFY 2027Change90–110% range
Studio$1,190+9.2%$1,071–$1,309
1BR$1,260+4.1%$1,134–$1,386
2BR$1,430+2.9%$1,287–$1,573
3BR$1,850+3.4%$1,665–$2,035
4BR$2,390+6.7%$2,151–$2,629

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35803
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,190$1,260$1,430$1,850$2,390
FY 2026$1,090$1,210$1,390$1,790$2,240
FY 2025$1,000$1,150$1,340$1,730$2,110
FY 2024$970$1,150$1,350$1,750$2,100
FY 2023$810$960$1,130$1,490$1,770

Two-bedroom rent in nearby Madison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35803
35801$1,450+1.4%
35802$1,290−9.8%
35803Current$1,430—
35804$1,370−4.2%
35805$1,180−17.5%
35806$1,560+9.1%
35807$1,370−4.2%
35808$2,010+40.6%
35809$1,370−4.2%
35810$1,250−12.6%
35811$1,280−10.5%
35812$1,370−4.2%

Questions about ZIP 35803 rents

How much will Section 8 pay for a two-bedroom in ZIP 35803?

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 $1,430 it would be $1,287 to $1,573. 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 35803 in?

ZIP 35803 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 35803 for FY 2027?

The two-bedroom FMR rose 2.9%, from $1,390 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 26.5%.

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