Location: Jackson County, AL | Metro: DeKalb County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,260 |
| 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)
The rental landscape in ZIP code 35979 is notably influenced by the median household income of $51,833. However, without specific data on the market rate rent, it's challenging to provide a direct comparison to the household income. Instead, we focus on the Fair Market Rent (FMR) set at $840 for the metro area for fiscal year 2026, which serves as a benchmark for housing affordability.
The FMR of $840 is a critical figure for both renters and landlords. For renters, this represents the maximum amount that a household participating in the Section 8 program would pay towards their rent. This standard is based on the assumption that a household should not spend more than 30% of its income on housing costs, ensuring that the rent remains affordable for those relying on government assistance.
In ZIP 35979, where the total population is 1,103 and only 5.1% of the residents are renters, the competition among landlords is relatively low. This means that landlords have a smaller pool of potential tenants, particularly those seeking rental properties within the Section 8 program parameters. The limited number of renters suggests that there might be fewer opportunities for landlords to engage with voucher holders, but it also indicates a potentially less competitive environment for securing tenants willing to pay the market rate.
The affordability gap between the median income and the FMR highlights the financial reality facing many households. At $840, the FMR is designed to be within reach for a significant portion of the local population, especially those who qualify for the Section 8 assistance. However, for landlords, this means that they must consider whether the guaranteed payment through vouchers offsets the administrative complexities compared to renting to cash-paying tenants.
Takeaway: Landlords in ZIP 35979 should weigh the benefits of accepting Section 8 vouchers against the administrative challenges. Given the low percentage of renters and the population size, landlords might find more success with cash-paying tenants who are willing to pay the market rate, though this rate is currently unspecified. Nonetheless, the FMR of $840 provides a stable income source for those willing to participate in the voucher program, making it an attractive option despite the lower rent amount.
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.