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Etowah County/Attalla/35954

35954

ZIPSAFMR
Etowah County, AL
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$640$700
1 BR$780$810
2 BR$920$950
3 BR$1,170$1,060
4 BR$1,320$1,270
5 BR$1,518Not available
6 BR$1,746Not available
7 BR$2,008Not available
8 BR$2,309Not available

Purchase Price Calculator

Maximum purchase price
$79,253

Cost breakdown

+Likely effective rent$950
HUD FMR$920
Market rent$970
Est. payment standard (104%)Used$950
-Principal and interest-$401
Loan amount$63,402
Down payment$15,851
Rate6.50%
Term30 years
-Operating costs-$349
Property taxes-$79
Insurance-$175
Utilities$0
HOA$0
Management-$95
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,565(98.2% ROI)
Projected value
$85,347
Return breakdown
Property appreciation+$6,094
Loan principal paid down+$2,272
Rental cash flow+$7,200
5-year hold
+$26,465(167.0% ROI)
Projected value
$89,668
Return breakdown
Property appreciation+$10,415
Loan principal paid down+$4,051
Rental cash flow+$12,000
10-year hold
+$55,850(352.4% ROI)
Projected value
$101,451
Return breakdown
Property appreciation+$22,198
Loan principal paid down+$9,652
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.62
1 BR
0.94
2 BR
0.95
3 BR
1.10
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 35954 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35954 (Attalla, AL) is $920 a month. That is up 8.2% from $850 in FY 2026. Attalla is in the Gadsden, 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 $975. Among 11 ZIP codes in Etowah County, 35954 is tied for the 8th-highest two-bedroom rent (county range $920–$1,320). The median county two-bedroom FMR in Alabama is $975, so ZIP 35954 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35954
BedroomsFY 2027Change90–110% range
Studio$640+8.5%$576–$704
1BR$780+6.8%$702–$858
2BR$920+8.2%$828–$1,012
3BR$1,170+13.6%$1,053–$1,287
4BR$1,320+13.8%$1,188–$1,452

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35954
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$640$780$920$1,170$1,320
FY 2026$590$730$850$1,030$1,160
FY 2025$580$740$850$1,060$1,260
FY 2024$580$740$860$1,070$1,140
FY 2023$500$630$740$940$990

Two-bedroom rent in nearby Etowah County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35954
35901$960+4.3%
35902$980+6.5%
35903$990+7.6%
35904$940+2.2%
35905$9200.0%
35906$1,170+27.2%
35907$1,320+43.5%
35952$9200.0%
35954Current$920—
35956$1,000+8.7%
35990$9200.0%

Questions about ZIP 35954 rents

How much will Section 8 pay for a two-bedroom in ZIP 35954?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $975, which applies unless the housing authority uses Small Area FMRs, that basic range is $878 to $1,073 a month; under the ZIP-level Small Area FMR of $920 it would be $828 to $1,012. 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 35954 in?

ZIP 35954 is in the Gadsden, AL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $975.

How much did fair market rent change in ZIP 35954 for FY 2027?

The two-bedroom FMR rose 8.2%, from $850 in FY 2026 to $920 in FY 2027. Since FY 2023 it has risen 24.3%.

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