Location: DeKalb County, AL | Metro: DeKalb County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The ZIP code 35974 presents a dynamic rental market that reflects a balance between supply and demand, though the specifics suggest a slight lean towards demand pressure. The Fair Market Rent (FMR) set at $780 for metro FY 2026 indicates what the government deems as a reasonable rental rate for the area, ensuring affordability for low-income families participating in the Section 8 program. This figure stands notably higher than the actual market rent of $417, as reported by the Census ACS, suggesting that the market may be underpricing rentals relative to government standards, possibly due to an abundance of supply.
The median home value of $192,618 offers insight into the overall cost of living and property values within the ZIP code. However, the absence of data on the percentage of price-cut share and days on market (DOM) leaves some uncertainty regarding the immediate supply-demand dynamics. Despite this, the 25.2% renter share points towards a significant portion of the population preferring or needing to rent rather than own homes. This trend implies ongoing long-term housing pressure, as a substantial number of residents will continue to rely on rental properties, driving demand and potentially leading to increased competition among renters.
In summary, while the exact trajectory of the rental market in ZIP 35974 cannot be determined without historical data, the current snapshot suggests a market where demand pressures are evident, particularly through the high FMR compared to the actual market rent and the considerable renter share. Landlords and small-portfolio investors should consider these dynamics when evaluating investment opportunities and setting rental prices.
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.