FY2027 Small Area FMR · New Market, AL

ZIP 35761 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 35761 (New Market, AL) is $1,220 a month, down 0.8% from FY2026. That is 9% below the Huntsville, AL area-wide FMR of $1,341.

2-bedroom SAFMR$1,220per month ▼ 0.8%

Area-wide 2 BR FMR$1,341Huntsville, AL

Rank in the area30thof 45 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,098

2 BR Small Area FMR$1,220

110% of SAFMR$1,342

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

Studio$1,020▲ 5.2%

1 BR$1,070■ 0.0%

2 BR$1,220▼ 0.8%

3 BR$1,580▼ 0.6%

4 BR$2,040▲ 3.0%

FY2027 FY2026

Where 35761 sits in the Huntsville, AL area

Of the 45 ZIP codes HUD lists for the area, 35761 has the 30th highest two-bedroom Small Area FMR. Huntsville, 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 $1,341 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,220 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,020	$918 – $1,122	$1,119	$970
1 bedroom	$1,070	$963 – $1,177	$1,177	$1,070
2 bedrooms	$1,220	$1,098 – $1,342	$1,341	$1,230
3 bedrooms	$1,580	$1,422 – $1,738	$1,735	$1,590
4 bedrooms	$2,040	$1,836 – $2,244	$2,241	$1,980

A household renting a two-bedroom home at the Small Area FMR of $1,220 needs about $48,800 a year to keep housing costs at 30% of income. The area median family income is $115,100 and the 80% low-income limit for four people is $92,100. ZIP code 35761 lies mainly in Madison County. See the Huntsville, AL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
35766	Princeton	7.0 mi	$1,160
35759	Meridianville	8.4 mi	$1,650
37328	Elora	8.8 mi	$1,040
35811	Huntsville	10.1 mi	$1,280
35751	Hollytree	10.4 mi	$1,030
37335	Flintville	10.5 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 35761?

HUD's FY2027 Small Area Fair Market Rents for 35761 are $1,020 (studio), $1,070 (1 BR), $1,220 (2 BR), $1,580 (3 BR) and $2,040 (4 BR) a month.

What is the Section 8 payment standard in 35761?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 35761 that range is $1,098 to $1,342 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 35761?

The FY2026 income limits of the Huntsville, AL area apply: median family income $115,100, low-income (80%) limit $92,100 for a family of four.