Section 8 Fair Market Rent (FMR) for ZIP 36072 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 36072, located in Alabama, offers a unique opportunity for real-estate investors interested in the Section 8 housing market. This area has specific characteristics that make it worth considering for investment, particularly when looking at the Fair Market Rent (FMR) and the local rental dynamics.

• The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $780, providing a benchmark for rental pricing in the ZIP code.
• The market rent for the area is currently listed as N/A, indicating a lack of recent data on what properties are actually renting for.
• The median home value in the ZIP code is also listed as N/A, suggesting limited data on residential property values.
• The percentage of the population that are renters is listed as N/A, making it difficult to assess the demand for rental properties.
• The days on market (DOM) for rentals is listed as N/A, which would normally give insight into how quickly properties are being rented out.
• The median household income for the ZIP code is listed as N/A, important for understanding the economic profile of potential tenants.

Given the available data, the most reliable figure is the Fair Market Rent, which stands at $780. This suggests that properties in ZIP 36072 can be priced competitively for the Section 8 program. However, the lack of specific data points on market rents, median home values, renter share, DOM, and median income presents challenges in fully assessing the investment landscape. Landlords and small-portfolio investors should proceed with caution, conducting thorough due diligence to understand the local rental market dynamics and tenant profiles. The absence of detailed local metrics means relying heavily on broader regional trends and directly engaging with local stakeholders for insights.

Data Sources: FMR data from HUD (2027).

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.