Section 8 Fair Market Rent (FMR) for ZIP 36482 - 2027

Location: Monroe County, AL | Metro: Clarke County, AL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$700
1 Bedroom	$700
2 Bedrooms	$920
3 Bedrooms	$1,200
4 Bedrooms	$1,480
5 Bedrooms	$1,717
6 Bedrooms	$1,923
7 Bedrooms	$2,077
8 Bedrooms	$2,181

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

566

Median Household Income

$69,671

Housing Units

520

Renter Percentage

23.5%

Occupancy Rate

43.5%

Renter Occupied

ZIP code 36482, located in Alabama, is a region characterized by modest housing values and a significant portion of renters. The area offers opportunities for both landlords and small-portfolio investors looking to enter a stable market with predictable demand.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $790, providing a benchmark for rental pricing in the area.
While specific data on market rent is currently unavailable, the median home value stands at $112,872, indicating relatively affordable property costs.
Renters make up 23.5% of the housing market, suggesting a moderate but steady demand for rental properties.
The median income of residents in the area is $69,671, which supports the ability of tenants to afford the FMR without significant financial strain.
The lack of available data on days on market (DOM) indicates that the real estate turnover rate might be less frequent, leading to potentially longer-term investments.
Given the modest property values and the established FMR, there is potential for positive cash flow if managed efficiently.

In summary, ZIP 36482 presents a balanced opportunity for investment. With a defined FMR and a reasonable median home value, coupled with a decent median income, it offers a predictable environment for generating returns through rental income. The moderate renter share suggests a consistent demand for rental units, making it suitable for landlords and small-portfolio investors seeking stable, long-term investments.

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.