JeffCroweCRE

Housing market/Alabama/ZIP 35124

ACS 2023 · FY2027 SAFMR

ZIP 35124 Pelham, Alabama

Birmingham-Hoover, AL HUD Metro FMR Area · Alabama. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
24,871
Households
9,953
Median HH income
$91,513
Renter share
16.5%
Median gross rent
$1,575
Vacancy
2.5%
Pop. change
+1.8%
2BR SAFMR
$1,800
SAFMR / rent
1.143×
2–49 unit stock
520
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 35124 · AL — sent to you.

ZIP 35124 · AL

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ACS rent vs 2BR SAFMR

ZIP 35124 — Pelham, AL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,575
2BR SAFMR$1,800
90% floor$1,620
110% ceiling$1,980

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 35124

  • 1-unit detached7,77376.2%
  • 1-unit attached1,40613.8%
  • 2–4 units1221.2%
  • 5–49 units3983.9%
  • 50+ units960.9%
  • Mobile4124.0%
TypeUnitsShare
1-unit detached7,77376.2%
1-unit attached1,40613.8%
2 units (duplex)00.0%
3–4 units1221.2%
5–9 units870.9%
10–19 units3113.0%
20–49 units00.0%
50+ units960.9%
Mobile4124.0%

2–4 unit share 1.2% · 5–49 unit share 3.9% · combined 2–49 5.1%.

Units by bedrooms

Studio
0
1BR
120
2BR
1,701
3BR
4,841
4BR
2,432
5+
1,113

Rent burden

Rent ≥30% of income49.3%
Rent ≥50% of income25.1%
  • ACS median gross rent $1,575 (all bedrooms, occupied rentals).
  • Median contract rent $1,279.
  • Renters paying ≥30% of income 49.3%; ≥50% 25.1%.
  • FY2027 2BR SAFMR $1,800 (1.143× ACS median gross rent).

Population

24,871 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 300 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 35124 16.5% of occupied households are renters; vacancy is 2.5%; ACS median gross rent is $1,575; population increased +1.8% between the 2018 and 2023 ACS vintages; the housing stock includes 122 units in 2–4-unit structures and 398 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,800 versus ACS median gross rent of $1,575. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Alabama research

ZIP 35124 is a Census / HUD profile for Birmingham-Hoover, AL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 35124 — Pelham, AL HUD Section 8 Payment Standards / SAFMR·Alabama ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
35004Birmingham-Hoover, AL HUD Metro FMR Area24.0%$1,555$1,74035005Birmingham-Hoover, AL HUD Metro FMR Area11.1%$1,074$1,32035007Birmingham-Hoover, AL HUD Metro FMR Area16.1%$1,348$1,54035013Birmingham-Hoover, AL HUD Metro FMR Area85.0%—$92035020Birmingham-Hoover, AL HUD Metro FMR Area43.8%$856$1,12035021Birmingham-Hoover, AL HUD Metro FMR Area——$1,37035022Birmingham-Hoover, AL HUD Metro FMR Area19.3%$991$1,21035023Birmingham-Hoover, AL HUD Metro FMR Area19.4%$1,216$1,42035036Birmingham-Hoover, AL HUD Metro FMR Area87.0%—$1,25035043Birmingham-Hoover, AL HUD Metro FMR Area9.3%$1,279$1,58035048Birmingham-Hoover, AL HUD Metro FMR Area——$1,37035049Birmingham-Hoover, AL HUD Metro FMR Area26.9%$928$1,040

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Alabama research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 35124?

ZIP 35124 (Birmingham-Hoover, AL HUD Metro FMR Area) has 24,871 residents, 9,953 households, a renter share of 16.5%, median household income of $91,513, and ACS 2023 median gross rent of $1,575. Vacancy is 2.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 35124?

ACS counts 0 units in 2-unit buildings, 122 in 3–4 unit buildings, 87 in 5–9, 311 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 520 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 35124?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,800. See the full schedule and 90–110% payment-standard band on the ZIP 35124 — Pelham, AL HUD Section 8 Payment Standards / SAFMR.

Does this Alabama ZIP profile include Georgia listings?

No. ZIP 35124 is Census / HUD research for Birmingham-Hoover, AL HUD Metro FMR Area. Jeff Crowe CRE does not list Alabama property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.