Location: Huntsville, AL | Metro: Huntsville, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
The ZIP code 35807 is located in Huntsville, AL, and represents an established neighborhood with a total population of approximately 10,807 residents. The median household income is $40,807, reflecting a working-class earning profile. Median home values in the area stand at $208,686, indicating a moderate housing market.
Regarding the rent economics, the Fair Market Rent (FMR) for ZIP code 35807 in fiscal year 2024 is set at $1280. The median rent in the area is $1,133, showing a slight difference between the FMR and actual market rent. This suggests that the area may be slightly more affordable for Section 8 participants compared to the fair market assessment.
The data points towards a neighborhood that fits both hands-off voucher operators and hands-on value-add buyers. With a below-average cost of living index of 59, which is lower than the national average of 100, the area offers better affordability. Additionally, the safety score of 83/100 indicates a very safe neighborhood with low crime rates, making it suitable for a hands-off approach where the focus is on maintaining properties rather than actively managing them.
For those interested in a more active role, the premium housing market with a home price-to-income ratio of 5.1:1 presents opportunities for value-add strategies. This could include improving property conditions or increasing rental yields through strategic management practices. However, given the premium nature of the housing market, careful consideration of financing options and long-term affordability is advised.
In summary, ZIP code 35807 in Huntsville, AL, offers a balanced environment for both passive and active investment strategies, with a strong emphasis on safety and affordability.
Data Sources: FMR data from HUD (2027).
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.