Location: Huntsville, AL | Metro: Huntsville, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,460 |
| 1 Bedroom | $1,530 |
| 2 Bedrooms | $1,760 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,910 |
| 5 Bedrooms | $3,376 |
| 6 Bedrooms | $3,781 |
| 7 Bedrooms | $4,083 |
| 8 Bedrooms | $4,287 |
U.S. Census Bureau data (2024)
The ZIP code 35649 is not a renter-heavy area with deep voucher demand. In fact, it is predominantly a homeowner-dominated area where the percentage of renters is 0.0%, indicating a scarcity of tenants relying on housing vouchers.
The median household income in this ZIP is a robust $144,000, which suggests that residents have a high earning capacity. However, the absence of market rent data makes it impossible to determine the exact percentage of local income that goes towards typical rent. This lack of data implies that rental properties might be less common, and those that do exist could command higher rents due to the affluent nature of the population.
In comparison to the Fair Market Rent (FMR) set at $1670 for fiscal year 2024, we can infer that if there were rental units available, they would likely be priced above the FMR, given the high median income levels. The FMR is used to determine payment standards for housing choice vouchers, and a landlord in 35649 should expect that voucher holders might struggle to cover the entire rent if it exceeds the FMR, especially since the actual market rent figures are not provided.
A landlord in this area should anticipate a tenant profile that includes individuals or families who may have significant financial resources but still seek rental accommodations for various reasons, such as short-term stays or preference over homeownership. These tenants might not rely heavily on housing vouchers, as the scarcity of voucher demand indicates a smaller pool of low-income renters seeking assistance. Landlords will need to carefully assess the rental market dynamics, as the data points towards a scenario where rental properties are few and potentially cater to a niche market of higher-income earners.
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.