Location: Fayette County, AL | Metro: Walker County, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
1130 The Fair Market Rent (FMR) for ZIP code 35579 in fiscal year 2024 is set at $1130. 450 This compares to a market rent of $450, as reported by the Census ACS, indicating a significant premium for Section 8 eligible properties. 111571 With a median home value of $111,571, there is considerable potential for investment in rental properties that can command higher rents through the Section 8 program. 134 The renter share in this area is 13.4%, suggesting a moderate demand for rental housing. 46968 The median income of $46,968 provides insight into the economic profile of the residents, which is critical for understanding the eligibility of tenants for Section 8 assistance. N/A The data does not provide specific figures on days on market (DOM) or the percentage of homes that have had their prices cut, which could be indicative of a stable market without significant fluctuations. However, the gap between the FMR and the market rent suggests a strong opportunity for landlords and small-portfolio investors to capitalize on the higher reimbursement rates offered by the Section 8 program. 1130 Given the disparity between the actual market rent and the FMR, landlords in ZIP 35579 should consider participating in the Section 8 program to secure higher rental incomes and a steady stream of tenants.
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.