Location: Dallas County, AL | Metro: Dallas County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
The analysis of ZIP code 36702 within the context of the Section 8 housing program reveals several critical points that both landlords and small-portfolio investors should consider.
The first question concerns the viability of rent in relation to the Fair Market Rent (FMR). The FMR for the AL metro area for fiscal year 2026 is set at $840. However, due to the lack of specific market rent data for ZIP 36702, it's impossible to make a direct comparison. Investors should be cautious and seek additional local rental market insights before proceeding.
Regarding the affordability of property acquisition, the median home value and typical days on market (DOM), as well as the percentage of properties requiring price reductions, are not available for ZIP 36702. This absence of data makes it challenging to assess whether purchasing homes in this area would be financially prudent relative to other investment opportunities.
Tenant demand is another crucial factor. Without specific population figures and the percentage of renters in ZIP 36702, it's difficult to gauge the potential occupancy rates and stability of rental income. Landlords need to understand the local rental market dynamics to ensure they can fill their units consistently.
Verdict: The analysis of ZIP 36702 under the Section 8 program framework is limited by the availability of specific data points such as market rent, median home values, DOM, and the percentage of renters in the population. While the FMR provides a benchmark at $840, the lack of detailed local metrics means that making an informed decision about investing in this ZIP code is currently not feasible. Landlords and investors should seek comprehensive local data to fully evaluate the potential success of their investments in this area.
Data Sources: FMR data from HUD (2027).
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.