Location: Florence-Muscle Shoals, AL | Metro: Florence-Muscle Shoals, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
920 FMR (zip FY 2024) indicates the Fair Market Rent for properties in ZIP 35632. This figure is critical for landlords participating in the Section 8 program, as it sets the maximum allowable rent.
N/A market rent (N/A) suggests that there is no specific reported average market rent for ZIP 35632, which can make it challenging to compare against FMR rates without additional local data.
N/A median home value points to a lack of available data regarding the typical selling price of homes in this area, leaving investors without a benchmark for property appreciation.
N/A% renter share means that the exact percentage of renters in ZIP 35632 is not provided, but given the presence of Section 8, it's likely significant enough to warrant attention from landlords.
N/A median income implies that the average household income in ZIP 35632 is unknown, which could affect the demand for subsidized housing.
N/A-day DOM (Days on Market) suggests that there is no specific data on how long properties typically stay on the market before being sold, which is important for understanding the local real estate turnover rate.
N/A% price-cut share indicates that there is no information on the proportion of listings that have had their prices reduced, which might reflect the stability or volatility of the local real estate market.
The lack of detailed statistical data for ZIP 35632 presents challenges for landlords and small-portfolio investors seeking precise benchmarks for investment decisions. However, with the 920 FMR established, landlords can confidently set rents within the parameters of the Section 8 program, ensuring compliance and steady cash flow.
Section 8 verdict: The Section 8 program remains a viable option for landlords in ZIP 35632, with a clearly defined FMR guiding rent-setting practices.
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.