Section 8 Fair Market Rent (FMR) for ZIP 36313 - 2027

Location: Dothan, AL | Metro: Dothan, AL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$850
2 Bedrooms	$1,040
3 Bedrooms	$1,430
4 Bedrooms	$1,590
5 Bedrooms	$1,844
6 Bedrooms	$2,065
7 Bedrooms	$2,230
8 Bedrooms	$2,342

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

172

Median Household Income

$N/A

Housing Units

149

Renter Percentage

35.6%

Occupancy Rate

100.0%

Renter Occupied

ZIP code 36313, located in Alabama, is a residential area that offers opportunities for both landlords and small-portfolio investors looking to enter the real estate market. The area's rental dynamics are influenced by several key factors including the Fair Market Rent (FMR) guidelines, the percentage of renters, and the local economy.

The Fair Market Rent (FMR) for ZIP 36313 in fiscal year 2024 is set at $860. This figure represents the maximum amount that low-income families should pay for housing and can serve as a benchmark for rental pricing.
While the market rent is currently not available, the FMR provides a useful reference point for setting competitive rental rates.
The median home value in the area is not available, which may indicate a lack of recent sales data or a predominantly rental market.
Renters make up 35.6% of the population, suggesting a significant portion of residents are looking for affordable rental options.
The median income for the area is not available, but it is crucial for understanding the financial capacity of potential tenants.
The days on market (DOM) for properties in ZIP 36313 is not available, which could imply either a robust or a stagnant market depending on other factors.

In summary, ZIP 36313 presents a moderate rental market opportunity with a clear guideline of $860 for Fair Market Rent. With nearly a third of the population renting, there is a steady demand for rental properties. However, the lack of data on market rent, median home values, median income, and days on market indicates a need for further investigation into the local economic conditions and property turnover rates. Landlords and investors should use the FMR as a starting point while considering additional market research to refine their investment strategies.

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.