Location: Washington County, AL | Metro: Washington County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
ZIP code 36518 in Washington County, Alabama, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The Family Monthly Rent (FMR) for FY 2024 is set at $990, which is significantly higher than the current market rent of $656. This $334 spread ensures a steady and reliable income stream for landlords participating in the program.
The higher FMR compared to market rates means that landlords can expect consistent rental payments without the risk of fluctuating market conditions affecting their cash flow. This makes ZIP 36518 particularly attractive for those looking to stabilize their investment portfolios with guaranteed income sources. Despite the lack of data on median home values, price-cut shares, and days on market, the focus should remain on the robust cash flow potential offered by the Section 8 program in this area.
With a 17.0% renter share and a median income of $87,768, there is also a diverse tenant base that can support the demand for rental properties. However, the primary strategic advantage lies in the cash-flow stability provided by the Section 8 program's fixed rental rates. Landlords can rely on the government subsidy to cover the difference between the market rate and the FMR, ensuring a predictable and positive cash flow.
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.