Location: Crenshaw County, AL | Metro: Butler County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,240 |
| 5 Bedrooms | $1,438 |
| 6 Bedrooms | $1,611 |
| 7 Bedrooms | $1,740 |
| 8 Bedrooms | $1,827 |
U.S. Census Bureau data (2024)
The ZIP code 36071 presents several challenges for potential Section 8 landlords. Tenant turnover is a significant concern, as the market rent stands at $718, which is below the Fair Market Rent (FMR) of $800 for the metropolitan area in fiscal year 2026. This discrepancy can lead to higher tenant mobility, making it difficult to maintain consistent occupancy. Additionally, the vacancy exposure is notable due to the lack of data on the number of days on market (DOM), indicating that there may be periods when units remain unoccupied. This uncertainty can result in financial strain for landlords, especially during these times.
Deferred maintenance is another issue, particularly since there is no available data on the typical home value in ZIP 36071. However, with a median income of $86,324, residents might have the financial capacity to support higher rents, but this does not guarantee that they will prioritize home maintenance. The high renter share of 23.9% suggests that many residents rely on rental housing, which typically translates into a higher demand for Section 8 vouchers. This increased demand can be beneficial for landlords, as it ensures a steady pool of potential tenants who are qualified and willing to use their vouchers in this area.
In summary, while there are risks associated with tenant turnover and vacancy exposure, the high renter share indicates a robust demand for subsidized housing. Despite the lack of data on typical home values, the median income suggests that residents are financially capable. Therefore, the overall risk for a first-time Section 8 landlord in ZIP 36071 is moderate.
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.