Location: Mobile, AL | Metro: Mobile, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 36512 in the Mobile, AL MSA metro for fiscal year 2024 is set at $1080. However, due to limited data availability, the current market rent for the area is not specified, making it challenging to directly compare the HUD FMR against prevailing market rates.
The median home value for ZIP 36512 is not provided, which means we cannot calculate a precise rent-to-price ratio. This lack of information makes it difficult to assess the overall affordability and investment potential of the area based on traditional metrics.
Given the absence of specific market rent figures and median home values, it is unclear whether voucher tenants would generate positive cash flow at the FMR rate, only marginally contribute to it, or require premium units to achieve profitability. To make a more informed decision, landlords and small-portfolio investors should consult local real estate professionals for up-to-date market insights.
In the context of the strong investor angle, the focus should be on stability given the limited data available for robust financial analysis. Stability can provide consistent returns and reduce the risk associated with volatile markets, making it a prudent choice for long-term 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.