Location: Fayette County, AL | Metro: Fayette County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
16.7% of the residents in ZIP code 35545 are renters, indicating a moderate demand for rental properties in the area. $63,750 is the median income for this region, which suggests that the majority of tenants can afford the Fair Market Rent (FMR) set at $820 for the metro area in fiscal year 2026. This FMR figure is crucial for landlords participating in the Section 8 program, as it defines the maximum rental amount that can be charged to eligible tenants.
The N/A listing for market rent and median home value implies that these metrics are not readily available or are not significant enough to impact the analysis. However, the lack of data on days on market (DOM) and the percentage of price-cut shares does not obscure the fact that the Section 8 program offers a stable source of income for landlords willing to participate.
$820 is the FMR guideline for one-bedroom units, which is particularly relevant given the moderate renter population. Landlords can use this figure to set competitive rental rates while ensuring compliance with the program's regulations. The median income of $63,750 supports the idea that tenants receiving Section 8 assistance will likely be able to cover their portion of the rent without financial strain, reducing the risk of non-payment.
While the exact market conditions in terms of home values and rental days on market are not specified, the participation of landlords in Section 8 can provide a consistent stream of income and access to a reliable pool of tenants. The program's structure ensures that rent is paid promptly through the Housing Authority, minimizing the need for aggressive marketing tactics or price reductions.
16.7% of the population being renters also points to the potential for growth in the rental sector, especially if the trend towards renting continues. Landlords and small-portfolio investors should consider the benefits of the Section 8 program, including guaranteed rent payments and a steady occupancy rate, when evaluating investment opportunities in ZIP 35545.
$820 FMR, combined with the $63,750 median income, presents a balanced opportunity for landlords. It allows them to charge a fair rent that is within the affordability range of the local population, thus maintaining a healthy balance between profitability and accessibility.
The verdict for ZIP 35545 regarding Section 8 participation is positive. Landlords can expect stable returns and low vacancy rates, making it a worthwhile consideration for investment 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.