Location: Marion County, AL | Metro: Lamar County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The ZIP code 35552 stands out in XX County with a unique mix of characteristics. With only 893 residents, it represents a small community where 21.7% of the population rents their homes. The median income here is relatively high at $95,759, which contrasts with the median home value of $145,648. This suggests that while homeownership is somewhat expensive, the local economy supports a decent standard of living.
Moving into the specifics of Section 8 housing assistance, the data reveals a significant disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR for the metro area is set at $790, whereas the Census ACS indicates that the average market rent is just $377. This means that landlords participating in the Section 8 program can potentially receive a higher rental income compared to the local market rates. However, it's important to note that these higher payments come with the administrative requirements and oversight associated with the Section 8 program.
Given the data signature of ZIP 35552, it appears to be a stable area. The relatively high median income and median home value suggest a community that has been able to sustain itself financially. While the rental market is smaller, the opportunity to participate in the Section 8 program at above-market rates could be an attractive option for landlords looking to secure long-term tenants with consistent rental income. The stability of the local economy, combined with the potential benefits of the Section 8 program, makes ZIP 35552 a promising investment location for small-portfolio investors interested in rental properties.
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.