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Madison County/HUNTSVILLE/35824

35824

ZIPSAFMR
Madison County, AL
Zillow
BRFMR
Eff. Rent
0 BR$1,170▲$1,270
1 BR$1,290▲$1,300
2 BR$1,490▲$1,640
3 BR$1,920▲$1,690
4 BR$2,400▲$2,060
5 BR$2,760▲—
6 BR$3,174▲—
7 BR$3,650▲—
8 BR$4,198▲—

Purchase Price Calculator

Maximum purchase price
$181,787

Cost breakdown

+Likely effective rent$1,640
HUD FMR$1,490
Market rent$1,730
Est. payment standard (110%)Used$1,640
Estimated payment standard is $1,640 (110% of FMR).
-Principal and interest-$919
Loan amount$145,429
Down payment$36,357
Rate6.50%
Term30 years
-Operating costs-$521
Property taxes-$182
Insurance-$175
Utilities$0
HOA$0
Management-$164
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,388(72.6% ROI)
Projected value
$195,765
Current value$181,787
Return breakdown
Property appreciation+$13,978
Loan principal paid down+$5,210
Rental cash flow+$7,200
5-year hold
+$45,180(124.3% ROI)
Projected value
$205,675
Current value$181,787
Return breakdown
Property appreciation+$23,888
Loan principal paid down+$9,292
Rental cash flow+$12,000
10-year hold
+$97,056(266.9% ROI)
Projected value
$232,703
Current value$181,787
Return breakdown
Property appreciation+$50,916
Loan principal paid down+$22,140
Rental cash flow+$24,000

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.88ratio
FMR$1,170
Market$1,330
vs market-$160

FMR is below market; voucher rent may lag private rents.

90% standard$1,053 / 0.79 ratio110% standard$1,287 / 0.97 ratio
0.88
1 BR
1 BR
0.98ratio
FMR$1,290
Market$1,310
vs market-$20

FMR is near market; voucher and private rents are aligned.

90% standard$1,161 / 0.89 ratio110% standard$1,419 / 1.08 ratio
0.98
2 BR
2 BR
0.86ratio
FMR$1,490
Market$1,730
vs market-$240

FMR is below market; voucher rent may lag private rents.

90% standard$1,341 / 0.78 ratio110% standard$1,639 / 0.95 ratio
0.86
3 BR
3 BR
1.14ratio
FMR$1,920
Market$1,690
vs market+$230

FMR is above market; underwrite to market rent.

90% standard$1,728 / 1.02 ratio110% standard$2,112 / 1.25 ratio
1.14
4 BR
4 BR
1.17ratio
FMR$2,400
Market$2,060
vs market+$340

FMR is above market; underwrite to market rent.

90% standard$2,160 / 1.05 ratio110% standard$2,640 / 1.28 ratio
1.17
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 35824 (AL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

What is FMR?What is SAFMR?Data sourcesIncomplete geosView county page

35824 fair market rent benchmarks

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 35824 shows monthly rent benchmarks by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,490 and the 4 bedroom fair market rent is $2,400.

Use these values to compare bedroom-size rent benchmarks and screen a property's rent assumptions. Local housing authorities set voucher payment standards, which may be above or below published HUD FMR, so confirm the applicable authority and current schedule before underwriting a property. Read the FMR and payment-standard guide for the full verification workflow.

FY 2026 Fair Market Rent by bedroom size for 35824
Bedroom sizeHUD FMR
Studio$1,170
1 bedroom$1,290
2 bedroom$1,490
3 bedroom$1,920
4 bedroom$2,400
Madison County fair market rentHUNTSVILLE, AL fair market rent