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DeKalb County/Rainsville/35986

35986

ZIPSAFMR
DeKalb County, AL
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$700$700
1 BR$700$700
2 BR$920$920
3 BR$1,150$1,150
4 BR$1,540$1,540
5 BR$1,771Not available
6 BR$2,037Not available
7 BR$2,342Not available
8 BR$2,693Not available

Purchase Price Calculator

Maximum purchase price
$74,795

Cost breakdown

+Likely effective rent$920
HUD FMRUsed$920
Market rentN/A
Est. payment standardN/A
-Principal and interest-$378
Loan amount$59,836
Down payment$14,959
Rate6.50%
Term30 years
-Operating costs-$342
Property taxes-$75
Insurance-$175
Utilities$0
HOA$0
Management-$92
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,095(100.9% ROI)
Projected value
$80,546
Return breakdown
Property appreciation+$5,751
Loan principal paid down+$2,144
Rental cash flow+$7,200
5-year hold
+$25,652(171.5% ROI)
Projected value
$84,624
Return breakdown
Property appreciation+$9,829
Loan principal paid down+$3,823
Rental cash flow+$12,000
10-year hold
+$54,058(361.4% ROI)
Projected value
$95,744
Return breakdown
Property appreciation+$20,949
Loan principal paid down+$9,109
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 35986 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35986 (Rainsville, AL) is $920 a month. That is up 17.9% from $780 in FY 2026. Rainsville is in the DeKalb County, AL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $921. Among 18 ZIP codes in DeKalb County, 35986 is tied for the 13th-highest two-bedroom rent (county range $920–$1,360). The median county two-bedroom FMR in Alabama is $975, so ZIP 35986 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35986
BedroomsFY 2027Change90–110% range
Studio$700+20.7%$630–$770
1BR$700+18.6%$630–$770
2BR$920+17.9%$828–$1,012
3BR$1,150+16.2%$1,035–$1,265
4BR$1,540+18.5%$1,386–$1,694

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35986
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$700$700$920$1,150$1,540
FY 2026$580$590$780$990$1,300
FY 2025$580$590$780$1,050$1,280
FY 2024area FMR$642$652$857$1,159$1,391
FY 2023area FMR$560$579$740$1,015$1,153

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby DeKalb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35986
35972$9200.0%
35974$940+2.2%
35975$950+3.3%
35976$990+7.6%
35978$1,190+29.3%
35979$970+5.4%
35980$980+6.5%
35981$1,360+47.8%
35984$950+3.3%
35986Current$920—
35988$9200.0%
35989$9200.0%

Questions about ZIP 35986 rents

How much will Section 8 pay for a two-bedroom in ZIP 35986?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $921, which applies unless the housing authority uses Small Area FMRs, that basic range is $829 to $1,013 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 35986 in?

ZIP 35986 is in the DeKalb County, AL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $921.

How much did fair market rent change in ZIP 35986 for FY 2027?

The two-bedroom FMR rose 17.9%, from $780 in FY 2026 to $920 in FY 2027. Since FY 2025 it has risen 17.9%.

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