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 35812 is located in Huntsville, Alabama. Unfortunately, the demographic data such as population, percentage of renters, median income, and median home value are not available for this particular ZIP code due to it being a PO Box ZIP code. However, we can still analyze the rental economics of the area.
The Fair Market Rent (FMR) for ZIP code 35812 is set at $1280 for the fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher in the area. While specific market rent data is not provided, the FMR serves as a benchmark for affordable housing in the region.
Given the lack of detailed demographic information, it's challenging to definitively categorize whether ZIP code 35812 is better suited for a hands-off voucher operator or a hands-on value-add buyer. However, the presence of a defined FMR suggests that there is an established demand for affordable housing in the area, which could be beneficial for both types of investors. For hands-off operators, the consistent income from the Section 8 program can provide a reliable cash flow. On the other hand, hands-on buyers might find opportunities to improve properties and potentially increase their rental value beyond the FMR, although they would still need to adhere to the program's guidelines.
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.