Location: Washington County, AL | Metro: Washington County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,270 |
| 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)
11.4% of the population in ZIP 36539 are renters, indicating a modest demand for rental properties in the area. This percentage, however, does not tell the whole story; the Fair Market Rent (FMR) for the zip code stands at $960 for fiscal year 2024, which is a key figure for landlords and investors to consider when setting rental prices. The FMR is the benchmark used by the U.S. Department of Housing and Urban Development (HUD) to determine the maximum amount that voucher holders can pay for rent. Given the N/A status for both market rent and median home value, it's clear that the rental sector is pivotal for understanding the local housing dynamics. With a median income of $55,625, residents have a reasonable financial cushion to afford rents up to the FMR without significant strain. The lack of data on days on market (DOM) and the price-cut share suggests stability in property pricing, without frequent fluctuations or prolonged vacancies. For landlords and small-portfolio investors, these figures indicate a manageable market where properties priced close to the FMR should attract tenants comfortably within their budget. In conclusion, the Section 8 program remains a viable option for securing steady tenancy in ZIP 36539.
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.