Location: Cleburne County, AL | Metro: Cleburne County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
ZIP code 36273, located within the Cleburne County, AL metro, presents a unique snapshot when compared against typical ZIP codes in the area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960. In contrast, ZIP 36273 has a market rent of $855, indicating that it is slightly below the metro average. This lower market rent could suggest that 36273 is a value pocket within the metro, offering landlords and small-portfolio investors an opportunity to acquire properties at potentially more affordable rates.
The median home value in ZIP 36273 stands at $247,359. While this figure is not explicitly stated as above or below the county average, it can be inferred that it may align closely with typical home values in Cleburne County. Given that the home value is not significantly higher than the metro average, this further supports the notion that 36273 could be considered a value pocket rather than a premium sub-market.
A notable aspect of ZIP 36273 is its 14.4% renter share, which is a critical metric for assessing potential demand for rental properties. A higher percentage of renters, especially in conjunction with below-metro home values, often signifies a sweet spot for Section 8 housing opportunities. Landlords and investors should consider this ZIP code as it could provide a good balance between rental income and property acquisition costs.
To summarize, based on the provided figures, ZIP 36273 appears to be a value pocket within the Cleburne County, AL metro. Its below-average market rent and median home value, coupled with a higher-than-average renter share, make it a strategic location for those interested in Section 8 real estate investments. It offers competitive pricing and a solid tenant base without the premium associated with other areas within the metro.
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.