Location: Dothan, AL | Metro: Dothan, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
Ashford, AL, located in Houston County, has a unique demographic profile that sets it apart from other areas. With a population of 6,249 residents, 24.0% of whom rent their homes, Ashford maintains a median income of $56,994. The median home value in the area is notably higher at $194,303.
The economic dynamics surrounding Section 8 housing vouchers in ZIP code 36312 are particularly interesting. The Fair Market Rent (FMR) for the zip code for fiscal year 2024 is set at $860. In comparison, the average market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $884. This indicates that the market rents slightly exceed the FMR, which could influence the attractiveness of the area for voucher holders.
Given the data, Ashford appears to be a stable community. The relatively low percentage of renters suggests a strong homeownership culture, while the median home value indicates a robust real estate market. The slight discrepancy between the FMR and market rents does not signal significant transitional pressures, but rather a minor adjustment in rental costs that aligns closely with the federal guidelines.
To summarize, landlords and small-portfolio investors in Ashford should expect a steady demand for rental properties, especially those willing to accept Section 8 vouchers. The current economic indicators suggest a stable environment with a slight advantage for market-rate rentals over federally subsidized ones.
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.