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Madison County/Huntsville/35806

35806

ZIPSAFMR
Madison County, AL
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,300$1,070
1 BR$1,370$1,090
2 BR$1,560$1,580
3 BR$2,020$1,670
4 BR$2,610$1,970
5 BR$3,001Not available
6 BR$3,452Not available
7 BR$3,969Not available
8 BR$4,565Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMR$1,560
Market rent$1,590
Est. payment standard (101%)Used$1,580
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.21
1 BR
1.26
2 BR
0.98
3 BR
1.21
4 BR
1.32
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 35806 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35806 (Huntsville, AL) is $1,560 a month. That is up 2.0% from $1,530 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, 35806 has the 7th-highest two-bedroom rent (county range $1,180–$2,010). The median county two-bedroom FMR in Alabama is $975, so ZIP 35806 is 60% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35806
BedroomsFY 2027Change90–110% range
Studio$1,300+8.3%$1,170–$1,430
1BR$1,370+3.0%$1,233–$1,507
2BR$1,560+2.0%$1,404–$1,716
3BR$2,020+2.5%$1,818–$2,222
4BR$2,610+6.1%$2,349–$2,871

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35806
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,300$1,370$1,560$2,020$2,610
FY 2026$1,200$1,330$1,530$1,970$2,460
FY 2025$1,090$1,250$1,460$1,880$2,300
FY 2024$1,050$1,250$1,460$1,890$2,270
FY 2023$850$1,010$1,190$1,570$1,860

Two-bedroom rent in nearby Madison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35806
35801$1,450−7.1%
35802$1,290−17.3%
35803$1,430−8.3%
35804$1,370−12.2%
35805$1,180−24.4%
35806Current$1,560—
35807$1,370−12.2%
35808$2,010+28.8%
35809$1,370−12.2%
35810$1,250−19.9%
35811$1,280−17.9%
35812$1,370−12.2%

Questions about ZIP 35806 rents

How much will Section 8 pay for a two-bedroom in ZIP 35806?

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 $1,560 it would be $1,404 to $1,716. 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 35806 in?

ZIP 35806 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 35806 for FY 2027?

The two-bedroom FMR rose 2.0%, from $1,530 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 31.1%.

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