Location: Mobile, AL | Metro: Mobile, AL MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,570 | $198,653 | 0.79% | D |
| 4BR | $1,660 | $316,075 | 0.53% | F |
U.S. Census Bureau data (2024)
23.0% of residents in ZIP 36619 are renters, indicating a stable demand for rental properties. The $1,160 market rent, as reported by the Census ACS, aligns closely with the $1120 Fair Market Rent (FMR) set for the zip code for fiscal year 2024, suggesting that rental prices are reasonable and reflective of the local economy. With a median home value of $212,896, there's an opportunity for investment in both rental and owner-occupied housing markets. However, the median income of $64,755 might limit the purchasing power of potential homeowners, thereby supporting the ongoing need for affordable rental options. The N/A-day DOM (Days on Market) figure implies that listings are typically selling quickly once they hit the market, which can be a positive indicator for real estate turnover and liquidity. Conversely, the 0.3% price-cut share suggests that most homes are selling at or near their asking price, reducing the risk of having to lower your property's price to attract buyers. For landlords and small-portfolio investors, these numbers paint a picture of a market where rental properties are in demand and where fair market rents are attainable without excessive vacancy periods. The verdict on Section 8 participation in ZIP 36619 is favorable, given the alignment between market rents and FMRs, coupled with a swift real estate market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.