Location: DeKalb County, AL | Metro: Gadsden, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
860 is the Fair Market Rent (FMR) for ZIP code 35961 as of fiscal year 2024, setting a benchmark for rental properties in the area. 621 is the average market rent based on Census ACS data, indicating that properties priced at the FMR level may be slightly above the current market rate. 197,262 represents the median home value in this ZIP code, which can be a significant consideration for landlords looking to invest in single-family homes. 26.4% is the proportion of residents who are renters, suggesting a moderate demand for rental housing in the area. 46,224 is the median income figure for the ZIP code, providing insight into the financial capabilities of potential tenants. While the days on market (DOM) and price-cut share data are unavailable, these numbers typically suggest how quickly homes sell and if they require price adjustments. Given the discrepancy between the FMR and market rent, landlords should carefully consider their pricing strategy to remain competitive while maximizing returns. The median home value also indicates a stable real estate market, beneficial for long-term investments. With a median income that supports rental affordability, the area presents a balanced opportunity for Section 8 participation. However, the absence of DOM and price-cut share data introduces some uncertainty regarding the speed and ease of property sales. In conclusion, 35961 offers a viable market for Section 8 properties, provided landlords manage expectations around pricing and tenant selection.
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.