Location: Crenshaw County, AL | Metro: Butler County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The median income in ZIP code 36042 stands at $61,120, which is notably lower than the market rate for renting, currently set at $728 according to the Census ACS data. This indicates that a significant portion of households may struggle to meet the market rate without financial assistance.
Comparatively, the voucher payment standard for Fair Market Rent (FMR) is slightly higher at $810 for the metro area in fiscal year 2026. This suggests that while market-rate rents are already challenging for many residents, the FMR could provide a more feasible option for those seeking rental housing.
With only 10.0% of the 1,781 population being renters, the competition among landlords in this area is relatively low. However, the affordability gap means that landlords who accept vouchers might have an advantage in attracting tenants, as the FMR rate aligns closer to what many households can realistically afford.
The takeaway for landlords considering their strategy between accepting vouchers versus relying on cash-paying tenants is clear: while cash-paying tenants might offer a slightly higher monthly income compared to voucher rates, the acceptance of vouchers could lead to a more stable tenant base. Given the median income levels and the number of potential renters, landlords should be prepared to adjust their expectations and possibly their rental strategies to cater to the needs of the local market.
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.