Section 8 Fair Market Rent (FMR) for ZIP 35748 - 2027

Location: Jackson County, AL | Metro: Huntsville, AL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$930
1 Bedroom	$1,030
2 Bedrooms	$1,180
3 Bedrooms	$1,530
4 Bedrooms	$1,900
5 Bedrooms	$2,204
6 Bedrooms	$2,468
7 Bedrooms	$2,665
8 Bedrooms	$2,798

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,578

Median Household Income

$103,563

Housing Units

3,249

Renter Percentage

10.2%

Occupancy Rate

89.0%

Renter Occupied

295

Housing Authorities Serving ZIP 35748

The Housing Authority of the City of Huntsville (Huntsville, AL) - 2,074 Section 8 vouchers
HA SCOTTSBORO (Scottsboro, AL) - 179 Section 8 vouchers
STEVENSON HOUSING AUTHORITY (Stevenson, AL)
Housing Authority of the City of Bridgeport (Bridgeport, AL)
The Housing Authority of the City of Triana, (Madison, AL)

The ZIP code 35748, located in Alabama, offers a stable environment for real estate investment, particularly for those interested in the Section 8 housing market. This area benefits from a mix of rental and homeownership options, making it attractive to various demographics.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 35748 for fiscal year 2024 is set at $930, indicating the government's benchmark for affordable rental rates in the area.
The market rent for a typical two-bedroom unit, based on Census ACS data, stands at $847, suggesting that there is a slight premium when considering Section 8 vouchers, which cover up to the FMR amount.
The median home value in the area is $359,724, reflecting a middle-class neighborhood where both renters and homeowners coexist.
Renters make up 10.2% of the total population, a figure that points to a smaller but still significant portion of residents who might be eligible for Section 8 assistance.
The median income in ZIP 35748 is $103,563, which is higher than the national average, implying a robust local economy that supports a variety of housing needs.

In summary, ZIP 35748 presents a balanced market for landlords and small-portfolio investors. With the Fair Market Rent slightly above the market rent, landlords can leverage Section 8 vouchers to fill vacancies without necessarily reducing their income. The relatively high median income suggests financial stability among residents, while the median home value indicates a middle-tier market. Although the renter share is modest, the combination of these factors creates a favorable climate for property owners seeking steady returns through Section 8 participation.

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.