Section 8 Fair Market Rent (FMR) for ZIP 35449 - 2027

FY 2027 Fair Market Rent Rates

1130 is the Fair Market Rent (FMR) for ZIP code 35449 in fiscal year 2024, according to HUD standards. This figure represents the maximum amount that a landlord can charge a Section 8 tenant in this area. Despite the specific FMR, the market rent for the area is currently unknown, suggesting that there might be a gap between what the government deems fair and what the private market offers. The median home value in ZIP 35449 is also not available, which means we cannot compare the FMR against typical property values to gauge affordability. Similarly, the percentage of renters in the area is unknown, making it difficult to assess the demand for rental properties. The median income for the area remains unspecified, leaving us without a benchmark to understand the financial capabilities of potential tenants. The average days on market (DOM) for properties in this ZIP code is not reported, indicating either a lack of recent sales data or a stable market where listings do not linger long before being sold. Lastly, the percentage of homes that have had their prices cut is also not provided, which could mean that sellers in the area are not frequently lowering their asking prices to attract buyers. Given the limited data, landlords and small-portfolio investors should focus on the $1130 FMR as a reliable guideline for setting rents that comply with Section 8 requirements. However, without market rent data, caution is advised to ensure that rents remain competitive. For now, the verdict on Section 8 participation in ZIP 35449 is neutral, pending more comprehensive market analysis.

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.