Location: Dale County, AL | Metro: Henry County, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 36353 represents a moderate renter-heavy area, with 15.8% of the population renting homes. This percentage suggests that there is a significant but not overwhelming number of potential tenants who could be utilizing Section 8 vouchers. The median household income in this ZIP code is $66,318, which provides a baseline for understanding the financial capacity of residents.
A typical market rent of $875 in ZIP 36353 consumes approximately 16.2% of the median household income. This calculation is derived from dividing the monthly rent by the annual income and multiplying by 12. Given the Fair Market Rent (FMR) for the area is set at $860 for FY 2024, the market rent is slightly above the FMR, indicating that landlords can expect to see some competition for tenants with vouchers.
The proximity of the market rent to the FMR suggests that landlords in ZIP 36353 should prepare for a tenant pool that includes individuals and families relying on rental assistance. These tenants will likely have their rent subsidized to an amount close to or below the FMR, making it important for landlords to ensure that their properties meet the necessary standards for voucher acceptance.
In summary, landlords in ZIP 36353 should anticipate a mix of tenants, with a notable portion utilizing Section 8 vouchers. The typical rent eats up about 16.2% of the local median income, aligning closely with the FMR, which supports the presence of a viable tenant pool for those accepting vouchers. Properties must be maintained to high standards to attract and retain these tenants, ensuring compliance with housing quality requirements.
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.