Location: Marion County, AL | Metro: Walker County, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
To classify ZIP code 35554, we must consider both yield and stability metrics based on the available data. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $780, which provides a benchmark for rental yields. However, the specific market FMR for ZIP 35554 is not available, suggesting that it may not closely follow the broader metro trends. This uncertainty can impact the yield potential.
The median home value in ZIP 35554 is $121,818, indicating a relatively affordable housing market. For landlords and small-portfolio investors, this means lower acquisition costs compared to areas with higher home values. The average income level in the area is $49,250, which is a critical factor for stability. A higher average income suggests a better ability among residents to pay rent consistently, contributing positively to the stability of rental cash flows.
Regarding stability, only 14.5% of the population are renters, which is a low percentage. This figure implies that there might be a limited demand for rental properties in the area. Additionally, the lack of data on days on market (DOM) for rentals makes it challenging to assess how quickly properties can be leased. These factors contribute to a less stable market environment.
In conclusion, ZIP 35554 leans towards being a high-yield/low-stability market. The low median home value and the metro's FMR suggest that there could be good opportunities for flipping homes or renting them out at a profit. However, the low percentage of renters and the absence of DOM data indicate that maintaining consistent cash flow may be challenging. Investors should focus on short-term gains rather than long-term stability 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.