Location: Anniston-Oxford, AL | Metro: Anniston-Oxford, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
The analysis of ZIP code 36202 within the Anniston-Oxford, AL MSA reveals several critical points for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 36202 in fiscal year 2024 is set at $900. However, due to the lack of specific market rent data, it's challenging to definitively state whether the rent math works. Landlords should aim to align their rental prices closely with the FMR to ensure they are competitive and fair in the local housing market.
In terms of acquisition affordability, the median home value in ZIP 36202 is currently listed as N/A, which makes it difficult to assess the typical cost of purchasing a property. Additionally, the days on market (DOM) and the percentage of homes that have been subject to price cuts are also not available, preventing a precise evaluation of how quickly properties sell and at what price adjustments.
Tenant demand is another key factor. The population and the percentage of renters in ZIP 36202 are both listed as N/A, indicating insufficient data to determine the size of the potential tenant pool and the proportion of residents who prefer renting over owning.
Verdict: Due to the absence of crucial data such as median home values, market rent figures, days on market, price-cut shares, and tenant demographics, a comprehensive analysis of ZIP 36202 cannot be conducted. Investors should seek out additional sources to fill these gaps before making any decisions. Given the FMR of $900, if market rents align, this could be a viable investment area, but further investigation is required to confirm the financial feasibility and tenant demand.
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.