Section 8 Fair Market Rent (FMR) for ZIP 35749 - 2027

Location: Huntsville, AL | Metro: Huntsville, AL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,360
1 Bedroom	$1,430
2 Bedrooms	$1,630
3 Bedrooms	$2,110
4 Bedrooms	$2,720
5 Bedrooms	$3,155
6 Bedrooms	$3,534
7 Bedrooms	$3,817
8 Bedrooms	$4,008

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

30,710

Median Household Income

$103,901

Housing Units

10,563

Renter Percentage

12.4%

Occupancy Rate

97.1%

Renter Occupied

1,269

Housing Authorities Serving ZIP 35749

The Housing Authority of the City of Huntsville (Huntsville, AL) - 2,074 Section 8 vouchers
The Housing Authority of the City of Triana, (Madison, AL)
Housing Authority of the City of Athens, Al (Athens, AL)

ZIP code 35749, located within the Huntsville, AL MSA, presents a unique profile compared to the typical ZIP codes in the region. The Fair Market Rent (FMR) for 35749 is set at $1450 for the fiscal year 2024, which is notably lower than the market rent of $1,746. This discrepancy suggests that 35749 could be considered a value pocket within the Huntsville metro area.

The median home value in 35749 stands at $312,039, which is likely below the average home value found across the broader Huntsville MSA. However, the renter share of 12.4% is a critical point of consideration. While this percentage is relatively low, it's important to note that a higher-than-average renter share in areas with below-average home values can indicate a strong presence of Section 8 tenants. This makes 35749 a potentially attractive location for landlords and small-portfolio investors looking to capitalize on the Section 8 program.

To further contextualize the position of 35749 within the Huntsville MSA, consider the following:

FMR vs. Market Rent: The FMR being significantly lower than the market rent points to an area where subsidized housing may be more prevalent, making it a prime location for properties that qualify for Section 8 assistance.
Renter Share: Though the renter share is not exceptionally high, it is still noteworthy when paired with the lower home values. This combination often signifies a sweet spot for Section 8 properties, offering landlords a balance between manageable property costs and a steady tenant base.

In summary, 35749 appears to be a value pocket within the Huntsville, AL MSA. It offers lower FMR and home values compared to the metro average, while maintaining a modest renter share. These characteristics make it particularly suitable for investors interested in Section 8 properties, ensuring a stable income stream without the need for premium pricing.

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.