Location: Fayette County, AL | Metro: Fayette County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The ZIP code 35559 presents a unique challenge for both renters and landlords alike. Given the median income of $26,023, it's evident that the majority of households struggle to meet the market rate for rent, which is currently not available but can be estimated based on the Fair Market Rent (FMR) standard set by the Department of Housing and Urban Development (HUD).
In fiscal year 2026, the FMR for ZIP 35559 is set at $850. This figure represents the maximum amount that a housing voucher will cover for rental costs, providing insight into the affordability of housing for those relying on government assistance.
With 57.9% of the population being renters, there is a significant demand for affordable housing units. The total population of 120 individuals means that approximately 70 people are looking for rental properties. This demographic detail suggests that the competition among landlords could be intense, especially when considering the limited financial resources of the residents.
The disparity between the median income and the FMR highlights a substantial affordability gap. At an income level of $26,023, a typical household would find it difficult to pay more than $850 per month in rent without compromising other essential expenses such as food, healthcare, and transportation. Therefore, landlords who rely solely on cash-paying tenants might face challenges in attracting and retaining residents.
The takeaway for landlords in ZIP 35559 is clear: focusing on accepting housing vouchers can be a strategic advantage. By aligning with the HUD's FMR of $850, landlords ensure their properties remain accessible to the majority of the local tenant pool. This approach not only helps in securing stable tenancy but also supports the community's need for affordable housing solutions.
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.