Location: Mobile, AL | Metro: Mobile, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
ZIP 36652, located within the Mobile, AL MSA metro area, can serve as a cash-flow anchor in a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the zip code is set at $1090 for FY 2024, which provides a stable baseline for rental income. This figure represents the maximum amount that landlords can charge for their properties participating in the Section 8 program, ensuring predictable cash flow.
While the specific market data such as median home value and median income are not available through the current sources, the FMR serves as a reliable indicator for maintaining consistent revenue streams. Landlords and small-portfolio investors should focus on properties that can be rented out at or near the FMR without significant concessions, thereby anchoring their portfolios with steady, government-backed rental payments.
The lack of detailed market data suggests that appreciation plays and diversification strategies might not be as applicable here. Without precise percentages on price-cut shares or days on market (DOM), it's difficult to gauge the potential for rapid price increases or shifts in tenant demographics. Therefore, the primary role of ZIP 36652 within a Section 8 portfolio is to ensure stability and predictability in rental income, making it a solid choice for those seeking a low-risk investment approach.
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.