Section 8 Fair Market Rent (FMR) for ZIP 35810 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,040
1 Bedroom	$1,100
2 Bedrooms	$1,250
3 Bedrooms	$1,620
4 Bedrooms	$2,090
5 Bedrooms	$2,424
6 Bedrooms	$2,715
7 Bedrooms	$2,932
8 Bedrooms	$3,079

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

32,843

Median Household Income

$51,233

Housing Units

13,126

Renter Percentage

36.6%

Occupancy Rate

88.8%

Renter Occupied

4,268

Housing Authorities Serving ZIP 35810

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)

Located in the heart of Tennessee, ZIP code 35810 offers a blend of rural charm and suburban convenience, making it an attractive area for both homeowners and renters. The region's economy is diverse, supporting a mix of industries that contribute to a stable rental market.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 35810 for fiscal year 2024 is set at $1160, reflecting the government's assessment of the area's affordability.
The market rent, as indicated by the Zillow Observed Rental Index (ZORI), stands at $1,414 for a similar unit, suggesting a premium over the FMR and indicating strong demand from private renters.
The median home value in the area is $169,947, which is relatively low compared to national averages, making it accessible for first-time buyers and investors looking for affordable entry points.
Renters make up 36.6% of the housing market in ZIP 35810, showing a significant portion of the population prefers renting over owning.
The days on market (DOM) for rental properties is 37 days, which is slightly above average but still indicative of a steady flow of tenants.
The median household income in the area is $51,233, providing insight into the financial capacity of potential renters and buyers.

In summary, ZIP 35810 presents a balanced investment opportunity with a favorable rental market driven by a substantial renter base and moderate property values. The slight gap between the FMR and market rents suggests a healthy margin for landlords. However, the slightly elevated DOM indicates some competition in the rental market, which should be considered when setting rental prices and managing expectations for vacancy periods. Given the median income levels, there is a solid foundation for rental stability, making it a viable option for small-portfolio investors seeking consistent returns.

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.