Location: Randolph County, AL | Metro: Cleburne County, AL
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,200 | $250,260 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 36264 stands out in County with a unique data signature that includes a population of 8,025 residents, where 27.9% are renters. The median income in this area is $49,814, while the median home value is notably higher at $225,824. This disparity between income and home values suggests a significant reliance on rental properties for many residents.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $840. In contrast, the current market rent, according to Census ACS data, is $780. This indicates that landlords participating in the Section 8 program can expect slightly higher rents compared to the general market, which could be an attractive incentive for property owners in this ZIP code.
The data signature for ZIP 36264 reads as "stable." With a consistent number of residents and a notable percentage of renters, there is a reliable demand for affordable housing options. The median home value is also relatively steady, suggesting a mature market that has established itself over time. For landlords and small-portfolio investors, this stability provides a predictable environment for investment, especially considering the economic benefits of the Section 8 program in terms of guaranteed rent payments and the potential for slightly above-market rents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.