Location: Pike County, AL | Metro: Montgomery, AL MSA
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 | $820 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,240 | $232,626 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 36069 stands out due to its unique demographic and economic characteristics. With a population of 2,073 residents, it has a rental rate of 19.8%, indicating a significant portion of the community owns their homes. The median income in this area is $53,750, which is relatively modest compared to the median home value of $180,436. This suggests that homeownership is a priority for many residents, even if it means facing higher costs relative to their income levels.
When it comes to the voucher economics, the Federal Market Rent (FMR) for ZIP 36069 is set at $930 for the fiscal year 2024, slightly below the market rate of $948 as reported by the Census Bureau's American Community Survey. Landlords can expect a minor difference between the FMR and the actual market rent, which could impact their decision-making regarding accepting vouchers. However, the proximity of these figures indicates a competitive rental market where voucher tenants might still find suitable housing options.
The data signature for ZIP 36069 reads as stable. The modest gap between the FMR and the market rate suggests that the rental market is not experiencing significant volatility. Additionally, the high median home value compared to the median income points towards a stable but potentially cost-constrained environment for homeowners. For landlords and small-portfolio investors, this stability can be seen as an advantage, providing predictable cash flows and fewer risks associated with rapid changes in the local economy.
Investors should take note of the following key figures:
In conclusion, ZIP 36069 offers a stable investment climate for real estate, particularly for those considering the Section 8 program. The slight discrepancy between FMR and market rents presents a balanced opportunity for landlords to serve voucher holders without substantial financial sacrifice.
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.