Location: Clay County, AL | Metro: Clay County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 36267 stands out due to its unique demographic and economic characteristics. With only 226 residents, it is one of the smallest communities in terms of population size. Notably, there are no residents renting, indicating that the entire population owns their homes. The lack of available data on median income and median home value suggests that this ZIP code might be underrepresented in standard economic surveys, possibly due to its small size.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area including ZIP 36267 is set at $780 for fiscal year 2026. However, the absence of comparable market rent data means that landlords and investors cannot directly assess how the FMR compares to local rental rates. This gap in data could imply either an underserved market or a community where rental housing is not a significant part of the real estate landscape.
Given the complete ownership of housing and the absence of rental activity, the data signature for ZIP 36267 reads as "stable." There is little indication of transitional dynamics such as new construction, changes in population composition, or shifts in housing preferences that would typically suggest a more fluid real estate market. Landlords and small-portfolio investors should approach this ZIP code with caution, as the lack of rental activity and limited economic data could pose challenges in understanding the full potential of the 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.