Location: Walker County, AL | Metro: Walker County, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
$890 is the Fair Market Rent (FMR) for the metro area in fiscal year 2026. However, the specific market rent for ZIP 35502 is not available.
The median home value and median income data for ZIP 35502 are also not available. This lack of data makes it challenging to assess the overall financial health and purchasing power of the local residents.
The percentage of renters and the typical Days on Market (DOM) for listings in ZIP 35502 are not provided, indicating a need for further investigation into the local rental market and the time it takes for properties to sell.
Additionally, the percentage of homes that have been price-cut is not specified, which would be useful to know when evaluating the competitiveness of the real estate market in this area.
To conclude, the data for ZIP 35502 is sparse, making a comprehensive analysis difficult. The Fair Market Rent provides a benchmark for Section 8 vouchers, but without additional metrics like median home values and rental shares, it's hard to give a definitive verdict on the suitability of the area for Section 8 investments. More detailed local real estate data is required to make informed decisions.
Section 8 verdict: Insufficient data to provide a robust recommendation for Section 8 investments in ZIP 35502.
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.