Location: Sumter County, AL | Metro: Sumter County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The market in ZIP code 35459 stands at a pivotal moment, with Federal Market Rent (FMR) set at $830 for fiscal year 2026 and current market rent reported at $825 according to the Census ACS. This indicates that the market is closely aligned with federal guidelines, suggesting a stable rental environment.
The renter share of 18.5% reveals a significant portion of the population relies on rental properties, which can be interpreted as a long-term indicator of housing pressure. In areas where a higher percentage of residents are renters, there's often a persistent demand for rental units, as many individuals and families may find it challenging to secure homeownership due to financial constraints or other factors.
While specific metrics such as the percentage of price cuts, days on market (DOM), and median home value are not available, the alignment between FMR and market rent suggests that supply is meeting demand, but the high renter share implies ongoing pressure on the rental market. Landlords and small-portfolio investors should remain vigilant regarding the potential for increasing demand for rental properties as the housing landscape evolves.
This snapshot of the ZIP 35459 market highlights a dynamic equilibrium, where the rental sector is robust and likely to continue attracting interest from those seeking housing options. The slight difference between FMR and market rent could signal either a minor adjustment period or a reflection of local market conditions, ensuring that landlords are well-compensated for their properties while remaining competitive.
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.