Location: Jackson County, AL | Metro: Jackson County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 35766 presents a nuanced picture for both landlords and small-portfolio investors. With the median home value currently unspecified, it's critical to consider the broader context provided by other metrics. The fact that a significant percentage of listings have been reduced, alongside an unspecified median days on market (DOM), suggests a market where sellers are adjusting their expectations to align with buyer demand. This dynamic typically indicates a period where pricing power is shifting towards buyers, at least in the short term.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,130. However, the current market rent in ZIP 35766 remains unspecified, which could imply either alignment with or deviation from the FMR. Given the trend of reduced listings, it's reasonable to infer that the rental market might also face pressure to adjust rates downward to attract tenants, especially if there is an oversupply of rental properties or if the housing market is experiencing a downturn.
For long-term investors, the implications of these figures suggest a cautious approach to valuation and appreciation expectations. The data does not provide a strong basis for predicting significant price appreciation over the next 12-24 months. Instead, the setup points towards a market where maintaining current values or seeing modest growth, contingent upon broader economic conditions, is more likely. Investors should focus on properties that offer intrinsic value beyond just appreciation, such as those with stable rental income potential or in areas with planned infrastructure improvements that could bolster future demand.
In summary, while the median home value and current market rent are not specified, the trends of reduced listings and an unspecified DOM suggest a market where pricing power is not strongly favoring sellers. The FMR provides a benchmark for rental expectations, but the actual market rent in ZIP 35766 will determine how closely the local rental market aligns with this figure. Long-term investors should prioritize stability and sustainable income over rapid appreciation.
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.