Location: Crenshaw County, AL | Metro: Butler 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 | $740 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,160 | $172,493 | 0.67% | D |
| 4BR | $1,380 | $244,884 | 0.56% | F |
U.S. Census Bureau data (2024)
The ZIP code 36037 stands out within its county due to a significant rental population of 37.4%, which is higher than the national average. With a total of 12,933 residents, the median income is reported at $45,677, reflecting a middle-class community. The median home value in this area is notably lower at $115,582 compared to typical suburban values, indicating an affordable housing market.
Regarding Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $850, while the current market rent based on Census ACS data is $745. This gap suggests that landlords who accept Section 8 vouchers can expect a slight premium over the standard market rate, potentially attracting more tenants who qualify for assistance.
The data signature for ZIP 36037 reads as stable. Despite the relatively high percentage of renters, there's no indication of rapid change or instability. The median income and home values suggest a balanced local economy where residents can afford their living costs without significant strain. This stability makes it an attractive option for landlords and small-portfolio investors looking for consistent returns.
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.