Section 8 Fair Market Rent (FMR) for ZIP 35181 - 2027

Location: Birmingham-Hoover, AL | Metro: Birmingham-Hoover, AL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,160
1 Bedroom	$1,240
2 Bedrooms	$1,350
3 Bedrooms	$1,700
4 Bedrooms	$1,910
5 Bedrooms	$2,216
6 Bedrooms	$2,482
7 Bedrooms	$2,681
8 Bedrooms	$2,815

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 35181, located in Alabama, is a residential area that offers a unique opportunity for real estate investors interested in the Section 8 housing market. The area is characterized by its relatively low cost of living and a mix of suburban and rural features, making it attractive for families seeking affordable housing solutions.

The Fair Market Rent (FMR) for ZIP 35181 for fiscal year 2024 is set at $1240. This figure represents the maximum amount a Section 8 tenant can pay for a two-bedroom apartment, which is a critical consideration for landlords accepting Section 8 tenants.
The market rent for the area is currently not available (N/A). This absence of data suggests that there might be limited private rental activity, potentially due to the high reliance on Section 8 housing vouchers.
The median home value in ZIP 35181 is also not available (N/A). This indicates that the area may have a predominantly rental market, with fewer homeowners, which could affect the demand for rental properties.
Renters represent 0.0% of the total population in this ZIP code, indicating that the vast majority of residents are likely homeowners or live in subsidized housing, such as Section 8 properties.
The Days on Market (DOM) for listings in this area is not available (N/A). This metric typically helps gauge how quickly homes sell, but its unavailability suggests either a very active or inactive market, depending on other factors.
The median household income for ZIP 35181 is not available (N/A). Understanding the financial status of the local population is crucial for predicting the success of Section 8 applications and the overall economic health of the area.

Investors considering entering the Section 8 market in ZIP 35181 should focus on properties that meet the Fair Market Rent standards, particularly those that can accommodate two-bedroom units for the maximum allowable payment of $1240. Given the lack of data on market rents and median home values, it's advisable to engage directly with local real estate agents and HUD representatives to gather more specific insights. The near-zero renter share implies a strong emphasis on owner-occupied homes or subsidized housing, suggesting that rental properties must offer significant value to attract tenants. The unknown Days on Market and median income metrics highlight the need for thorough local research to make informed decisions about property investments in this area.

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.