Location: Lamar County, AL | Metro: Lamar County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The ZIP code 35544, located in a county with a total of 969 residents, stands out due to its unique demographic characteristics. With 24.1% of the population renting their homes, it indicates a significant portion of residents rely on rental properties. However, the lack of data regarding the median home value suggests that homeownership might be less prevalent or that there's a concentration of rental properties without a substantial number of owned homes in the area.
The median income of $56,131 provides insight into the financial stability of the residents. This figure is crucial when considering the potential demand for Section 8 housing vouchers. The Fair Market Rent (FMR) for ZIP 35544, set at $810 for fiscal year 2026, is notably lower than the current market rent of $940 as reported by the Census Bureau's American Community Survey (ACS). This discrepancy means that landlords can expect a shortfall of $130 per month if they accept Section 8 vouchers, which could influence their decision-making process regarding participation in the program.
Despite the economic challenges posed by the lower FMR compared to market rates, the data signature for ZIP 35544 reads as relatively stable. The consistent median income and the presence of a notable rental sector suggest a steady demand for affordable housing solutions. Landlords and small-portfolio investors should carefully weigh the benefits of long-term tenant stability against the immediate financial impact of accepting vouchers. While the shortfall may be a concern, the overall stability of the area could provide a reliable source of income over time.
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.