Section 8 Fair Market Rent (FMR) for ZIP 36057 - 2027
Location: Montgomery, AL | Metro: Montgomery, AL MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,110 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
A skeptical investor might raise several concerns regarding ZIP 36057 (Mount Meigs, AL).
- Objection: Will the Fair Market Rent (FMR) of $1080 for ZIP 36057 cover the mortgage on a home?
- Answer: The data does not provide the median home value for ZIP 36057, making it difficult to determine if the FMR will sufficiently cover a mortgage payment. However, given the low total population of 102, the housing market could be limited, potentially affecting mortgage costs.
- Objection: Is there enough renter demand at an unspecified percentage?
- Answer: With a total population of only 102, the demand for rental properties is likely to be low. The data indicates that there are no households reported, which suggests a minimal rental market. This makes it challenging to assess the demand accurately.
- Objection: Will vouchers keep pace with market rents in ZIP 36057?
- Answer: The data does not specify the rental vacancy rate or the trend in market rents for ZIP 36057. Therefore, it is unclear whether vouchers will keep up with potential rent increases. Given the limited population and lack of detailed housing data, further investigation into local rental trends and voucher policies is necessary to make an informed decision.
The analysis of ZIP 36057 reveals that while the Fair Market Rent is set at $1080, critical data such as the median home value and rental vacancy rate are not available. This scarcity of information makes it challenging to assess the viability of investing in this area strictly from a Section 8 perspective. Landlords and small-portfolio investors should consider these limitations and conduct additional research to understand the local market dynamics better.
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.