Location: Tallapoosa County, AL | Metro: Tallapoosa County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
The Section 8 market in ZIP code 35011, located in Tallapoosa County, Alabama, is poised for steady investment opportunities. The Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for the area is $860 per month for the fiscal year 2026. However, the lack of specific market rent data makes it challenging to directly compare local rental rates against the FMR. Based on the available FMR, voucher tenants would typically cashflow at the FMR rate, meaning that landlords can expect to cover their mortgage payments, maintenance costs, and other expenses with the voucher amount without significant additional income from the tenant.
The median home value in ZIP 35011 is not specified, which complicates deriving an exact rent-to-price ratio. This ratio is crucial for understanding the relative affordability of renting versus buying, but without precise figures, we cannot provide a definitive comparison. Nonetheless, the absence of a high median home value suggests that the area might be more attractive for renters rather than buyers, potentially increasing demand for rental properties.
The days on market (DOM) and the percentage of homes that experience price cuts are also unspecified, making it difficult to assess how quickly homes sell and at what price adjustments. These metrics are important for gauging the health of the local housing market and can influence both buy and rent decisions. Given the limited data, we can infer that the stability of the market is likely to be the strongest angle for investors in this area. Stability ensures that landlords can rely on consistent rental income and avoid the volatility often seen in more dynamic markets.
The strongest investor angle in ZIP 35011 is stability, offering reliable long-term returns through predictable cash flows.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.