Location: Birmingham-Hoover, AL | Metro: Birmingham-Hoover, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
ZIP code 35253, located within the Birmingham-Hoover, AL HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1240 for fiscal year 2024. This figure represents the rental cost threshold set by HUD for determining eligibility for housing assistance programs such as Section 8.
While the specific market rent and home value data for ZIP 35253 are not available, we can make some inferences based on the FMR alone. The FMR for the entire Birmingham-Hoover area typically ranges between $750 for a studio apartment and $1459 for a five-bedroom home. Given that the FMR for 35253 is $1240, it suggests that this ZIP code is likely in the mid-tier range of rental costs within the metro area. It's neither at the lower end nor approaching the higher end of the FMR spectrum.
The absence of specific market rent and home value data makes it challenging to definitively categorize 35253 as a value pocket or a premium sub-market. However, since the FMR is a key indicator of rental affordability, and given that it falls in the middle of the typical range for the Birmingham-Hoover area, it's reasonable to conclude that 35253 is a mid-tier neighborhood in terms of rental costs.
The lack of data on the percentage of renters also limits our ability to fully assess the potential attractiveness of this ZIP code for Section 8 tenants. High renter share combined with below-average home values often indicates a favorable environment for Section 8 participants. However, without specific renter share percentages, we cannot confirm if 35253 is a sweet spot for Section 8 properties.
In summary, ZIP 35253 appears to be a mid-tier neighborhood in terms of rental costs within the Birmingham-Hoover, AL HUD Metro FMR Area. To better understand its position relative to other ZIP codes in the area, additional data on market rents and home values would be necessary.
Data Sources: FMR data from HUD (2027).
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.