Section 8 Fair Market Rent (FMR) for ZIP 36205 - 2027

Location: Anniston-Oxford, AL | Metro: Anniston-Oxford, AL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$850
1 Bedroom	$850
2 Bedrooms	$1,080
3 Bedrooms	$1,430
4 Bedrooms	$1,430
5 Bedrooms	$1,659
6 Bedrooms	$1,858
7 Bedrooms	$2,007
8 Bedrooms	$2,107

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,159

Median Household Income

$24,734

Housing Units

535

Renter Percentage

69.6%

Occupancy Rate

94.6%

Renter Occupied

352

The ZIP code 36205, located within the Anniston-Oxford, AL MSA, has a Federal Market Rent (FMR) of $860 for fiscal year 2024. This figure is slightly above the market rent of $844, indicating that it aligns closely with the average rental expectations in the area. The median home value in 36205 is $267,516, which is reflective of the broader regional housing costs.

A notable aspect of 36205 is its renter share of 69.6%. This percentage is higher than the typical renter share found in most ZIP codes within the Anniston-Oxford, AL MSA. A higher renter share can be indicative of a neighborhood where rental properties are more prevalent, which could suggest a greater demand for rental units over homeownership options.

Comparatively, the FMR being only marginally higher than the market rent suggests that 36205 is not significantly more expensive than other areas in the metro. Given the median home value and the high renter share, it's reasonable to infer that 36205 could represent a value pocket for Section 8 landlords and small-portfolio investors. This inference is based on the premise that a high proportion of renters combined with relatively affordable home values often signals an area where subsidized housing programs, such as Section 8, can effectively operate.

To further substantiate this claim, consider the following:

Rental Pricing: The FMR of $860 is in line with the market rent, making it accessible for tenants who qualify for Section 8 assistance.
Housing Costs: The median home value of $267,516 is typical for the region, suggesting that the overall cost of maintaining properties here is standard and not excessively high.
Renter Share: With 69.6% of residents renting, there is a substantial pool of potential tenants who might benefit from Section 8 vouchers, thereby increasing the likelihood of occupancy and stability for landlords.

While these figures indicate a favorable environment for Section 8 investments, they do not definitively categorize 36205 as a premium sub-market. Instead, the combination of pricing and high renter share points towards a value pocket within the larger Anniston-Oxford, AL MSA, where opportunities for stable returns and consistent occupancy are present.

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.