Section 8 Fair Market Rent (FMR) for ZIP 35457 - 2027
Location: Tuscaloosa, AL | Metro: Tuscaloosa, AL HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
The ZIP code 35457, located in Alabama, offers a unique opportunity for real estate investors interested in the Section 8 housing market. This area has specific characteristics that make it stand out, including its Fair Market Rent (FMR) and the percentage of renters eligible for the program.
- Fair Market Rent (FMR): The FMR for ZIP 35457 in fiscal year 2024 is set at $990. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher in this area, providing a clear benchmark for rental pricing.
- Renter Share: In ZIP 35457, the renter share is recorded at 0.0%, indicating that virtually no residents are classified as renters. This suggests that the majority of the population owns their homes, which could imply a strong local economy and stable housing demand.
- Market Rent: Unfortunately, the market rent for ZIP 35457 is not available, which means that investors must rely on other indicators such as the FMR to gauge potential rental income.
- Median Home Value: Data on the median home value for ZIP 35457 is also not available. However, given the low renter share, it is likely that the homes in this area are primarily owner-occupied, suggesting a robust housing market.
- Days on Market (DOM): The days on market for properties in this ZIP code are not specified, making it difficult to assess how quickly homes are sold or rented. This information would be crucial for understanding the liquidity of investments in this area.
- Median Income: Similarly, the median income for ZIP 35457 is not provided. Knowing the median income would help investors understand the financial capability of potential tenants and the overall economic health of the area.
In summary, ZIP 35457 presents a niche investment opportunity for those focused on the Section 8 market, with a clearly defined FMR of $990. The absence of renters indicates a strong trend towards homeownership, which could be beneficial for long-term property ownership but less so for short-term rental investments. The lack of specific data points such as market rent, median home value, days on market, and median income means that investors will need to conduct thorough local research to fully evaluate the potential returns and risks associated with investing in this area.
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.