FY2027 Small Area FMR · Muscle Shoals, AL
ZIP 35662 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 35662 (Muscle Shoals, AL) is $1,120 a month, up 8.7% from FY2026. That is 3% above the Florence-Muscle Shoals, AL area-wide FMR of $1,085.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 35662 sits in the Florence-Muscle Shoals, AL area
Of the 22 ZIP codes HUD lists for the area, 35662 has the 9th 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 $1,120 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $780 | $702 – $858 | $760 | $720 |
| 1 bedroom | $860 | $774 – $946 | $834 | $800 |
| 2 bedrooms | $1,120 | $1,008 – $1,232 | $1,085 | $1,030 |
| 3 bedrooms | $1,390 | $1,251 – $1,529 | $1,348 | $1,280 |
| 4 bedrooms | $1,470 | $1,323 – $1,617 | $1,426 | $1,450 |
A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 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 35662 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
Questions
What is the Fair Market Rent for ZIP code 35662?
HUD's FY2027 Small Area Fair Market Rents for 35662 are $780 (studio), $860 (1 BR), $1,120 (2 BR), $1,390 (3 BR) and $1,470 (4 BR) a month.
What is the Section 8 payment standard in 35662?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 35662 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 35662?
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.