FY2027 Small Area FMR · Gaylesville, AL

ZIP 35973 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 35973 (Gaylesville, AL) is $970 a month, up 10.2% from FY2026. That is 2% below the Cherokee County, AL area-wide FMR of $986.

2-bedroom SAFMR$970per month ▲ 10.2%

Area-wide 2 BR FMR$986Cherokee County, AL

Rank in the area5thof 11 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$873

2 BR Small Area FMR$970

110% of SAFMR$1,067

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

Studio$740▲ 10.4%

1 BR$740▲ 5.7%

2 BR$970▲ 10.2%

3 BR$1,190▲ 7.2%

4 BR$1,490▲ 7.2%

FY2027 FY2026

Where 35973 sits in the Cherokee County, AL area

Of the 11 ZIP codes HUD lists for the area, 35973 has the 5th highest two-bedroom Small Area FMR. Cherokee County, 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 $986 for two bedrooms; an agency that opts in to Small Area FMRs would use $970 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	$740	$666 – $814	$749	$670
1 bedroom	$740	$666 – $814	$754	$700
2 bedrooms	$970	$873 – $1,067	$986	$880
3 bedrooms	$1,190	$1,071 – $1,309	$1,175	$1,110
4 bedrooms	$1,490	$1,341 – $1,639	$1,464	$1,390

A household renting a two-bedroom home at the Small Area FMR of $970 needs about $38,800 a year to keep housing costs at 30% of income. The area median family income is $73,600 and the 80% low-income limit for four people is $59,350. ZIP code 35973 lies mainly in Cherokee County. See the Cherokee County, AL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
35959	Cedar Bluff	7.5 mi	$970
30730	Lyerly	7.6 mi	$1,100
35967	Fort Payne	9.3 mi	$940
35984	Mentone	13.3 mi	$950
35960	Centre	15.2 mi	$970
30165	Rome	16.4 mi	$1,220

Questions

What is the Fair Market Rent for ZIP code 35973?

HUD's FY2027 Small Area Fair Market Rents for 35973 are $740 (studio), $740 (1 BR), $970 (2 BR), $1,190 (3 BR) and $1,490 (4 BR) a month.

What is the Section 8 payment standard in 35973?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 35973 that range is $873 to $1,067 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 35973?

The FY2026 income limits of the Cherokee County, AL area apply: median family income $73,600, low-income (80%) limit $59,350 for a family of four.