Location: Jackson County, AL | Metro: DeKalb County, AL
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,500 | $228,722 | 0.66% | D |
U.S. Census Bureau data (2024)
22.5% of residents in ZIP code 35978 are renters, indicating a significant demand for rental properties in the area. $990 is the Fair Market Rent (FMR) for the metro area as of fiscal year 2026, which represents the maximum amount that a Section 8 voucher holder can pay towards their housing costs. This figure is slightly lower than the $1,041 market rent reported by the Census Bureau's American Community Survey, suggesting that properties priced at or below the FMR could attract both voucher holders and other low-income tenants. The median home value in the area stands at $203,776, reflecting a moderate housing market where properties are neither excessively expensive nor cheap. With a median income of $55,509, many households may find it challenging to afford homeownership, thereby increasing the likelihood of them seeking rental accommodations. Although the average days on market (DOM) and the percentage of price-cut share are not available, the data suggests that there is a competitive rental market with a notable portion of the population relying on affordable housing options. Given the high renter share and the disparity between the FMR and market rent, landlords and small-portfolio investors in ZIP 35978 should consider the benefits of participating in the Section 8 program to ensure steady occupancy and stable cash flows.
Verdict: ZIP 35978 presents a favorable environment for Section 8 participation, with a substantial renter base and rents above the FMR.Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.