FY2027 Small Area FMR · Cherokee, AL

ZIP 35616 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 35616 (Cherokee, AL) is $1,030 a month, up 5.1% from FY2026. That is 5% below the Florence-Muscle Shoals, AL area-wide FMR of $1,085.

2-bedroom SAFMR$1,030per month ▲ 5.1%

Area-wide 2 BR FMR$1,085Florence-Muscle Shoals, AL

Rank in the area13thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$720▲ 5.9%

1 BR$790▲ 3.9%

2 BR$1,030▲ 5.1%

3 BR$1,280▲ 4.9%

4 BR$1,350▼ 2.2%

FY2027 FY2026

Where 35616 sits in the Florence-Muscle Shoals, AL area

Of the 22 ZIP codes HUD lists for the area, 35616 has the 13th highest two-bedroom Small Area FMR. Florence-Muscle Shoals, AL is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,085 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 for this ZIP code instead.

ZIP code 35616 crosses more than one HUD area. HUD also lists it under Franklin County, AL (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$720	$648 – $792	$760	$680
1 bedroom	$790	$711 – $869	$834	$760
2 bedrooms	$1,030	$927 – $1,133	$1,085	$980
3 bedrooms	$1,280	$1,152 – $1,408	$1,348	$1,220
4 bedrooms	$1,350	$1,215 – $1,485	$1,426	$1,380

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $95,900 and the 80% low-income limit for four people is $72,450. ZIP code 35616 lies mainly in Colbert County. See the Florence-Muscle Shoals, AL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
38852	Iuka	13.1 mi	$920
38873	Tishomingo	13.8 mi	$910
35674	Tuscumbia	14.5 mi	$1,030
35677	Waterloo	14.9 mi	$1,020
35633	Florence	15.6 mi	$1,070
35653	Russellville	17.7 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 35616?

HUD's FY2027 Small Area Fair Market Rents for 35616 are $720 (studio), $790 (1 BR), $1,030 (2 BR), $1,280 (3 BR) and $1,350 (4 BR) a month.

What is the Section 8 payment standard in 35616?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 35616 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 35616?

The FY2026 income limits of the Florence-Muscle Shoals, AL area apply: median family income $95,900, low-income (80%) limit $72,450 for a family of four.