Location: Winston County, AL | Metro: Winston County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $920 |
| 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 35553 is situated in a suburban neighborhood characterized by a modest population of 4,920 residents. With only 20.2% of the population being renters, it suggests a predominantly owner-occupied area. The median household income stands at $63,207, indicating a middle-class community. Median home values are relatively low at $171,482, which could make homeownership accessible to many but also points towards a less affluent region compared to metropolitan areas.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $780. However, the actual market rent, according to the Census ACS, is significantly lower at $586. This discrepancy between FMR and market rent suggests that there might be an opportunity for landlords who can manage properties efficiently and perhaps improve them to command higher rents closer to the FMR level.
Given these conditions, ZIP 35553 would likely appeal more to a hands-on value-add buyer rather than a hands-off voucher operator. The potential exists to increase property values and rental income through strategic improvements and management practices. For those willing to invest time and effort, this ZIP code offers a realistic path to enhancing returns beyond the current market rent levels.
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.