Housing market/Alabama/ZIP 35640
ZIP 35640 Hartselle, Alabama
Decatur, AL MSA · Alabama. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 35640 · AL — sent to you.
ZIP 35640 · AL
ACS rent vs 2BR SAFMR
ZIP 35640 — Hartselle, AL HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 35640
- 1-unit detached8,68878.9%
- 1-unit attached1701.5%
- 2–4 units7336.7%
- 5–49 units3042.8%
- Mobile1,11810.2%
2–4 unit share 6.6% · 5–49 unit share 2.8% · combined 2–49 9.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $767 (all bedrooms, occupied rentals).
- Median contract rent $573.
- Renters paying ≥30% of income 34.4%; ≥50% 17.0%.
- FY2027 2BR SAFMR $990 (1.291× ACS median gross rent).
Population
26,976 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +9.8%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 7 projects, 283 units.
- HUD project-based assisted MF: 1 properties, 9 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 135 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 35640 19.9% of occupied households are renters; vacancy is 7.3%; ACS median gross rent is $767; population increased +9.8% between the 2018 and 2023 ACS vintages; the housing stock includes 733 units in 2–4-unit structures and 304 units in 5–49-unit structures; 7 LIHTC projects totaling 283 units; FY2027 2BR SAFMR is $990 versus ACS median gross rent of $767. 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 35640 is a Census / HUD profile for Decatur, AL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 35640 — Hartselle, AL HUD Section 8 Payment Standards / SAFMR·Alabama ZIP directory
Nearby ZIPs in this FMR area
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 35640?
ZIP 35640 (Decatur, AL MSA) has 26,976 residents, 10,218 households, a renter share of 19.9%, median household income of $69,686, and ACS 2023 median gross rent of $767. Vacancy is 7.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 35640?
ACS counts 243 units in 2-unit buildings, 490 in 3–4 unit buildings, 86 in 5–9, 146 in 10–19, and 72 in 20–49. Combined 2–49 unit stock is 1,037 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 35640?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $990. See the full schedule and 90–110% payment-standard band on the ZIP 35640 — Hartselle, AL HUD Section 8 Payment Standards / SAFMR.
Does this Alabama ZIP profile include Georgia listings?
No. ZIP 35640 is Census / HUD research for Decatur, AL MSA. 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.