Location: Coosa County, AL | Metro: Montgomery, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 36026 is located in a tranquil suburban area of Alabama, characterized by a small population of 1,520 residents. The community has a low percentage of renters at just 1.3%, indicating a primarily owner-occupied environment. With a median household income of $87,300, it's clear that the residents here enjoy a comfortable financial standing. The median home value in the area is $569,570, reflecting the high-quality housing stock and the overall affluence of the region.
From an investment perspective, the Federal Market Rent (FMR) for ZIP 36026 in fiscal year 2024 is set at $890. However, the market rent for the area is currently not available, which could be due to the low rental demand or limited rental properties in this predominantly owner-occupied zone. This lack of data makes it challenging to assess the profitability of rental properties based solely on market rents.
Given the characteristics of ZIP 36026, it would likely appeal more to a hands-off Section 8 voucher operator rather than a hands-on value-add buyer. The low renter population suggests that there is less opportunity for active management and value creation through property improvements. Instead, the steady demand for subsidized housing, supported by the Section 8 program, provides a reliable source of tenants who can afford the FMR of $890. For those considering investing in this area, focusing on properties that qualify for the Section 8 program could offer a stable and predictable income stream, aligning well with the demographic and economic profile of the ZIP code.
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.