Location: Walker County, AL | Metro: Walker County, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 35573 is situated in a predominantly homeowner-focused neighborhood with a total population of 14. This area stands out due to the absence of renters, as the percentage of renters is listed at 0.0%. The median income and median home value data are currently unavailable, which suggests that the community might be small or less frequently reported in standard datasets.
Transitioning to the economic aspects of rental housing, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $780. However, specific market rent figures for ZIP 35573 are not available, indicating a lack of significant rental activity or data in this region.
Given these conditions, ZIP 35573 would likely be unsuitable for a hands-off Section 8 voucher operator. The extremely low number of renters and the absence of detailed market data suggest that there is limited demand for rental properties that could be effectively managed through a passive investment strategy. Instead, this area may appeal more to a hands-on value-add buyer who is willing to engage deeply with the local real estate market. Such an investor could potentially identify unique opportunities, such as converting underutilized properties into rental units that qualify for Section 8 assistance, or developing new rental housing that caters to the specific needs of the area's residents.
In conclusion, while the FMR provides a benchmark for rental pricing, the practical application of this knowledge in ZIP 35573 requires active engagement with the local real estate landscape. For landlords and small-portfolio investors looking to enter this market, a thorough understanding of the community and its potential for growth is essential before making any investment decisions.
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.