Section 8 Fair Market Rent (FMR) for ZIP 36346 - 2027

Location: Coffee County, AL | Metro: Coffee County, AL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$700
1 Bedroom	$700
2 Bedrooms	$920
3 Bedrooms	$1,280
4 Bedrooms	$1,340
5 Bedrooms	$1,554
6 Bedrooms	$1,740
7 Bedrooms	$1,879
8 Bedrooms	$1,973

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,483

Median Household Income

$56,458

Housing Units

801

Renter Percentage

10.2%

Occupancy Rate

68.5%

Renter Occupied

The town of Shelton, located in ZIP code 36346, offers a stable real estate market with opportunities for both landlords and small-portfolio investors. The area's housing dynamics reflect a mix of rental and homeownership, making it a viable option for property investments.

The Fair Market Rent (FMR) for ZIP 36346 is set at $780 per month for a metro area in fiscal year 2026, indicating the government's benchmark for affordable rental rates.
The average market rent, according to the Census Bureau's American Community Survey, stands at $775, closely matching the FMR and suggesting a balanced rental market.
The median home value in ZIP 36346 is $156,800, which is relatively low compared to other areas, presenting a good entry point for investors looking to acquire properties at a lower cost.
Renters make up 10.2% of the total population, signaling a modest but present demand for rental properties.
The Days on Market (DOM) data is currently unavailable, which could indicate either a very efficient local real estate market or a lack of comprehensive reporting.
The median household income in the area is $56,458, providing insight into the economic profile of potential tenants and buyers.

Synthesizing these points, Shelton presents a moderate rental market with reasonable property values, making it a suitable location for those interested in generating steady rental income. The close alignment between the Fair Market Rent and the actual market rent suggests little room for significant price increases, but the low median home value offers a cost-effective avenue for investment. With a modest renter share and a known median income, landlords can expect a stable tenant base that is likely to meet rental obligations. However, the absence of DOM data limits our ability to assess the speed at which properties sell or lease, which could be a critical factor for some investors. Overall, Shelton provides a balanced environment for real estate investment, particularly for those looking for long-term stability over short-term gains.

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.