Location: Talladega County, AL | Metro: Coosa County, AL
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $107,404 | 0.89% | C |
| 3BR | $1,260 | $177,663 | 0.71% | D |
| 4BR | $1,290 | $255,374 | 0.51% | F |
U.S. Census Bureau data (2024)
39.1 percent of residents in ZIP code 35150 (Sylacauga, AL) are renters, indicating a significant portion of the population relies on rental housing. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1240, which represents the upper limit for Section 8 rental assistance payments. This figure contrasts with the actual market rent of $756, based on Census ACS data, suggesting that landlords could potentially benefit from the higher payment cap if they qualify for the program. The median home value stands at $154,322, providing a benchmark for property values in the area. For comparison, the median income in Sylacauga is $45,768, which can be used to assess the financial capability of potential tenants.
The low 0.3 percent price-cut share indicates that properties in this area generally hold their value well, without frequent need for price adjustments. While the day DOM (Days on Market) data is not available, the stability in property values and the discrepancy between the market rent and the FMR suggest that landlords might find it advantageous to participate in the Section 8 program. The program offers a guaranteed income stream, backed by federal funds, which can provide financial security and a steady cash flow.
In conclusion, with the FMR at $1240 and the market rent significantly lower at $756, landlords in Sylacauga, AL, should consider participating in the Section 8 program to maximize their rental income potential while serving a substantial portion of the local tenant base. The median home value and income levels support this strategy, making it a viable option for small-portfolio investors looking to stabilize their investments in this market. Verdict: Section 8 is favorable for landlords in ZIP 35150.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.