FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR
1.19ratio
FMR$1,780
Market$1,490
vs market+$290
FMR is above market; underwrite to market rent.
1.19
4 BR
4 BR
1.38ratio
FMR$2,310
Market$1,680
vs market+$630
FMR is above market; underwrite to market rent.
1.38
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 35896 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35896 (Huntsville, AL) is $1,380 a month. That is up 1.5% from $1,360 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, 35896 has the 12th-highest two-bedroom rent (county range $1,180–$2,010). The median county two-bedroom FMR in Alabama is $975, so ZIP 35896 is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 35896
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,070
$1,150
+7.5%
$1,035–$1,265
1BR
$1,180
$1,210
+2.5%
$1,089–$1,331
2BR
$1,360
$1,380
+1.5%
$1,242–$1,518
3BR
$1,750
$1,780
+1.7%
$1,602–$1,958
4BR
$2,190
$2,310
+5.5%
$2,079–$2,541
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 35896
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,150
$1,210
$1,380
$1,780
$2,310
FY 2026
$1,070
$1,180
$1,360
$1,750
$2,190
FY 2025
$970
$1,110
$1,300
$1,680
$2,050
FY 2024
$990
$1,180
$1,370
$1,780
$2,140
FY 2023
$750
$890
$1,050
$1,380
$1,640
Two-bedroom rent in nearby Madison County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 35896?
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 $1,380 it would be $1,242 to $1,518. 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 35896 in?
ZIP 35896 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 35896 for FY 2027?
The two-bedroom FMR rose 1.5%, from $1,360 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 31.4%.
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