Location: Mobile, AL | Metro: Mobile, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP 36568 in Saint Elmo, AL, reveals several key points. The HUD Fair Market Rent (FMR) for ZIP 36568 is set at $1210 for FY 2024. However, the median home value is listed as $0, indicating limited data availability for this specific metric. The market rent for the area is also noted as $750-$999 per month for 3+ bedroom units, which includes utilities.
Given these figures, voucher tenants in ZIP 36568 would generally cashflow at the FMR rate of $1210, considering that the typical market rent is lower. This suggests that landlords and small-portfolio investors can expect positive cash flow from voucher tenants without needing to rely solely on premium units.
The rent-to-price ratio cannot be accurately derived due to the lack of a median home value figure. Additionally, the data does not provide specific information on the days-on-market (DOM) or the percentage of price cuts, which could further inform rent-versus-buy dynamics. Nonetheless, the positive cash flow potential remains a strong investor angle in this market.
The strongest angle for investors in ZIP 36568 is cashflow. With voucher rates exceeding typical market rents, investors can secure steady income from their properties.
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.