Location: Randolph County, AL | Metro: Randolph County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 36263 in the fiscal year 2026 is set at $890. This figure is critical for landlords and small-portfolio investors considering the rental market in this area. However, several objections can be raised regarding the viability of this FMR. Let's address them with the available data.
Objection 1: Will an FMR of $890 cover the mortgage on a typical home in ZIP 36263?
The latest data from Zillow indicates that there is limited information on the average home price in ZIP 36263. With only one listing available, it's challenging to determine a precise average home price. Consequently, we cannot definitively state whether an FMR of $890 will sufficiently cover the mortgage on a typical home. More comprehensive data on home prices would be necessary to make an accurate assessment.
Objection 2: Is there enough renter demand at 16.0%?
Rental market demand in ZIP 36263 is reported at 16.0%. While this percentage might seem low, it's important to note that affordable apartments in the area do not stay on the market for long. This suggests that despite the relatively low demand percentage, there is still significant interest among renters for available units. Landlords should focus on maintaining competitive pricing and quality to attract these renters.
Objection 3: Will vouchers keep pace with the local market rents?
The FMR Lookup Tool for 2026 provides insight into the payment standards for housing vouchers. However, specific data on the pace of voucher increases relative to market rents in ZIP 36263 is not readily available. Given the historical trend of FMR adjustments, it's reasonable to expect that vouchers will continue to be adjusted to reflect changes in the local rental market. Nonetheless, landlords should monitor local rental trends and voucher payment standards to ensure they remain aligned.
In summary, while some aspects of the rental market in ZIP 36263 present challenges, such as the lack of data on average home prices, there are indications of a steady demand for rental properties and a system in place to adjust housing vouchers. Investors should consider these factors carefully when making decisions about entering or expanding in this market.
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.