Location: Winston County, AL | Metro: Cullman County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 35098 stands out due to its unique demographic and economic characteristics. With a population of 1,390 residents, it has a significant rental market, with 37.3% of residents renting their homes. The median income in this area is $80,517, indicating a middle-class community. Notably, the median home value is $258,798, which is relatively high compared to the average rental prices.
Turning to the voucher economics, the Fair Market Rent (FMR) for ZIP 35098 in fiscal year 2026 is set at $910, whereas the current market rent, based on Census ACS data, is $803. This discrepancy suggests that landlords participating in the Section 8 program could potentially receive higher rents than the market rate, providing a financial incentive to accept vouchers.
The data signature for ZIP 35098 reads as stable. The median income and home values indicate a settled community where housing costs are in line with earnings. The rental market's size, at 37.3%, shows a consistent demand for affordable housing options, making the Section 8 program particularly relevant. Given these factors, landlords and small-portfolio investors can expect a steady stream of tenants who benefit from the voucher system, ensuring reliable income without the risks associated with transitional markets.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.