Section 8 Fair Market Rent (FMR) for ZIP 36579 - 2027

Location: Daphne-Fairhope-Foley, AL | Metro: Daphne-Fairhope-Foley, AL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$990
1 Bedroom	$1,080
2 Bedrooms	$1,220
3 Bedrooms	$1,530
4 Bedrooms	$1,960
5 Bedrooms	$2,274
6 Bedrooms	$2,547
7 Bedrooms	$2,751
8 Bedrooms	$2,889

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,583

Median Household Income

$74,375

Housing Units

911

Renter Percentage

4.3%

Occupancy Rate

58.2%

Renter Occupied

The zip code 36579, located in Alabama, is a modest residential area that offers opportunities for real estate investors looking to enter a stable market. The region is characterized by a mix of single-family homes and rental properties, catering to both homeowners and renters.

The Fair Market Rent (FMR) for the area is set at $1090 per month for fiscal year 2024, providing a benchmark for rental pricing.
Market rent data is currently unavailable, indicating a less competitive market but also suggesting less transparency on actual rental rates.
The median home value in the area stands at $201,622, reflecting a relatively affordable market for potential buyers.
Renters make up only 4.3% of the local housing market, which implies a preference for homeownership among residents.
The median income for the area is $74,375, suggesting that residents have sufficient financial means to support property ownership or stable rental payments.

Given the data points above, investors should consider the limited demand for rental units and the moderate median home values when evaluating opportunities in ZIP 36579. The area's low renter share indicates a strong inclination towards homeownership, which could mean slower turnover and lower demand for rental properties. However, the availability of fair market rent figures can help set reasonable expectations for rental income. The median income figure supports the notion that residents can afford to pay rent or purchase homes, making it a viable location for those seeking long-term investments in either rental or owner-occupied 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.