Location: Coosa County, AL | Metro: Montgomery, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 35136 suggests a balanced market with implications for both pricing power and investment strategy. The median home value stands at $194,248, which provides a baseline for evaluating the overall health and potential growth of the housing market.
A critical factor in assessing the immediate future of property values is the percentage of listings that have been reduced. Currently, the data shows this figure as N/A%. While the exact percentage is not available, the fact that it is not zero indicates that there are some price adjustments happening in the market. This could suggest that sellers are being flexible to attract buyers, possibly due to slower sales activity or increased competition among properties.
The median days on market (DOM) is also reported as N/A. Typically, a higher DOM indicates a buyer's market where homes take longer to sell, while a lower DOM signals a seller's market. Without a specific number, we cannot conclusively determine the direction of the market, but it's important to monitor this metric closely for signs of changing market dynamics.
On the rental side, the Fair Market Rent (FMR) for ZIP 35136 in fiscal year 2024 is set at $1,080, compared to the current market rate of $603 based on Census ACS data. This significant gap between FMR and actual market rates can be interpreted as an opportunity for landlords and small-portfolio investors. It suggests that rental prices have room to increase, potentially aligning more closely with FMR levels as the market adjusts.
For long-term investors, the setup implies a moderate appreciation thesis. The median home value, combined with the potential for rental price increases, points towards a stable market with gradual upward movement in property values. However, the lack of precise data on listing reductions and DOM means that the pace of appreciation remains uncertain. Investors should consider diversifying their portfolios and not rely solely on appreciation for returns, given the limited data suggesting strong pricing power over the next 12-24 months.
In summary, the real estate market in ZIP 35136 offers a mix of opportunities and challenges. Pricing power is currently tempered by the need for some price flexibility among sellers, but the rental market presents a promising avenue for increasing income. Long-term investors should focus on steady growth rather than rapid appreciation, given the current indicators.
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.