Location: Talladega County, AL | Metro: Clay County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
The median household income for ZIP 35082 is not available, making it challenging to directly assess the affordability of market rate rents. However, the Fair Market Rent (FMR) standard for the metro area in fiscal year 2026 is set at $810. This figure serves as a benchmark for voucher payments.
To understand the affordability gap, consider the FMR of $810 compared to the typical market rate rent in the area. Without specific data on market rates, we can infer that if the median income is significantly lower than the surrounding areas, such as Clay County where the median income is $55,250, the gap could be substantial. This suggests that many households in ZIP 35082 might struggle to afford market rate rents without assistance.
The percentage of renters and the total population in ZIP 35082 are also not specified. Nonetheless, if a significant portion of the population relies on rental housing, the competition for affordable units could be fierce. Landlords who offer units at or near the FMR of $810 would likely attract more tenants, especially those dependent on voucher programs.
Takeaway: For landlords in ZIP 35082, focusing on accepting vouchers at the FMR of $810 can provide a competitive edge in attracting tenants. Given the potential for lower incomes compared to nearby areas, cash-paying tenants might be limited, making voucher acceptance a strategic choice to ensure occupancy and financial stability.
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.