Location: Dale County, AL | Metro: Henry County, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 36317 in Mobile, Alabama stands out due to its unique demographic and economic characteristics. With a population of just 1,040 residents, it has a rental rate of 0.0%, indicating that virtually no one rents within this ZIP. The median income here is relatively high at $97,688, which contrasts sharply with the median home value of $153,948. This suggests that homeownership is affordable for most residents.
Moving into the specifics of Section 8 housing, the Fair Market Rent (FMR) for ZIP 36317 in fiscal year 2024 is set at $860. However, there is no available market rent data to compare against, making it difficult to assess the relative cost-effectiveness of the FMR. Despite this, the low rental rate and high median income suggest that landlords might face challenges in attracting tenants through Section 8 vouchers.
Given the lack of rental properties and the affordability of homeownership, the ZIP code 36317 appears to be stable rather than transitional. The high median income supports this stability, as it indicates a financially secure community. Landlords should be cautious about relying solely on Section 8 vouchers to fill vacancies, as the demand for rental units in this area is exceptionally low.
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.