Location: Birmingham-Hoover, AL | Metro: Birmingham-Hoover, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
ZIP code 35060 is situated within the Birmingham-Hoover, AL HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1090. This figure is key when considering the rental market dynamics within the area.
The lack of specific market rent and home value data for ZIP 35060 limits a direct comparison with other ZIP codes within the Birmingham-Hoover metro. However, the FMR can still provide insights into the rental landscape. In the Birmingham-Hoover, AL HUD Metro FMR Area, typical ZIP codes will have their own specific FMRs, but without additional data, we cannot make a precise comparison.
The 0.0% renter share in ZIP 35060 indicates that homeownership is prevalent in this area. This characteristic alone suggests that 35060 is not a typical rental neighborhood, nor is it likely to be a Section 8 sweet spot where there's a high concentration of renters. Instead, it aligns more closely with a premium sub-market where ownership is favored over renting.
To determine if ZIP 35060 is a value pocket, mid-tier neighborhood, or premium sub-market, we would need comparative data on market rents and home values across the Birmingham-Hoover metro. The absence of these figures means we cannot definitively classify 35060 based solely on the provided data.
However, given the FMR of $1090 and the 0.0% renter share, landlords and small-portfolio investors should consider the following:
For a comprehensive analysis, further investigation into the broader Birmingham-Hoover metro's rental and home value trends is recommended. This will provide a clearer picture of how ZIP 35060 fits into the overall market structure.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.