Section 8 Fair Market Rent (FMR) for ZIP 35755 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

780 FMR (metro FY 2026) indicates the Fair Market Rent for ZIP 35755, which is a critical benchmark for landlords participating in the Section 8 program. 911 market rent (Census ACS) suggests that the average rent in this area slightly exceeds the FMR, offering a positive outlook for rental income. 279,296 median home value reflects the substantial investment required to enter the real estate market in this ZIP code, but it also implies a high potential for property appreciation. 26.2% renter share shows that nearly one-quarter of the population in 35755 rents their homes, indicating a steady demand for rental properties. 41,964 median income highlights the financial capacity of residents, although it's important to note that this figure may not be representative of all renters, some of whom might rely on Section 8 vouchers. N/A-day DOM signifies that there is no data available on the typical days on market for properties in this area, which could imply either a stable market or a lack of recent sales activity. N/A% price-cut share similarly lacks recent data, suggesting that property values may be holding steady without significant discounts.

The disparity between the 911 market rent and the 780 FMR presents an opportunity for landlords to potentially maximize their returns while still adhering to the program guidelines. However, the relatively high 279,296 median home value means that purchasing property in this area requires a considerable upfront investment. The 26.2% renter share supports the viability of rental properties, including those under Section 8. Given the 41,964 median income, landlords should carefully consider the tenant mix to ensure a balanced portfolio. While the absence of data on DOM and price-cut share can be seen as a limitation, it also points to a stable market where properties maintain their value well.

A final consideration is the local competition and the willingness of tenants to seek Section 8 housing. Landlords in ZIP 35755 must weigh these factors against the benefits of receiving a guaranteed portion of rent through the voucher program. With the right strategy, the combination of a robust market rent and a solid tenant base can make Section 8 participation a profitable venture.

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.