Location: Macon County, AL | Metro: Macon County, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The market in ZIP code 36088 presents a dynamic scenario that reflects the interplay between supply and demand in affordable housing. With a Fair Market Rent (FMR) of $1,060, as determined by metro FY 2026 data, it's evident that the rental market is pricing itself at a level that accommodates a significant portion of the local population. This figure stands in contrast to the actual market rent of $707, derived from Census ACS, indicating a gap where landlords could potentially increase rents without significantly deterring tenants.
The median home value in the area is $89,986. This relatively low figure suggests that homeownership is accessible to many residents, but the high renter share of 61.9% implies that a substantial number of residents prefer or require renting over buying. This high percentage of renters can be indicative of long-term housing pressures, suggesting that demand for rental properties remains strong. Landlords and small-portfolio investors should take note of this trend, as it points towards a sustained need for rental units in the area.
While specific data on price-cut share and days on market (DOM) is not available, the disparity between FMR and market rent, combined with the high renter share, suggests that demand for rental properties is likely outpacing supply. This is a favorable condition for landlords, as it supports the potential for steady occupancy rates and the ability to maintain or gradually increase rental prices. However, it also means that competition among landlords for quality tenants might be fierce, necessitating attention to property maintenance and management practices.
In summary, ZIP 36088 offers a market where rental properties are in high demand, driven by a significant renter population and relatively low home values. The opportunity for landlords lies in catering to this demand while positioning themselves competitively in terms of pricing and property quality. The dynamics of this market favor those who can provide reliable, well-maintained rental units at reasonable prices.
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.