Location: Huntsville, AL | Metro: Huntsville, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
U.S. Census Bureau data (2024)
ZIP code 35896, located within the Huntsville, AL Metropolitan Statistical Area (MSA), has a Fair Market Rent (FMR) of $1370 for the fiscal year 2024. This figure is key for understanding the rental market dynamics for landlords and small-portfolio investors in this area.
To contextualize 35896's FMR, it is essential to compare it against typical ZIP codes within the Huntsville MSA. While specific market rent and home value data for 35896 are currently unavailable, the FMR provides a baseline that can be used to infer its market position relative to other ZIPs in the region.
The FMR of $1370 in ZIP 35896 suggests that it falls into a mid-tier neighborhood classification within the Huntsville MSA. This is based on the assumption that the average FMR across the MSA is likely higher due to the presence of more expensive areas. However, without direct comparisons, we cannot definitively state the exact tier.
A notable absence in the data is the percentage of renters in ZIP 35896. Typically, a high renter share combined with lower-than-average home values indicates an attractive area for Section 8 investments. Given the lack of specific renter share and home value percentages, we cannot confirm if 35896 exhibits such characteristics. However, landlords should keep an eye out for future updates regarding these metrics.
In summary, ZIP 35896 appears to be a mid-tier neighborhood within the Huntsville, AL MSA, based on its FMR. The potential for being a Section 8 sweet spot remains speculative until more comprehensive data on renter share and home values become available.
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.