Section 8 Fair Market Rent (FMR) for ZIP 36720 - 2027

Location: Wilcox County, AL | Metro: Wilcox County, AL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$850
2 Bedrooms	$920
3 Bedrooms	$1,280
4 Bedrooms	$1,370
5 Bedrooms	$1,589
6 Bedrooms	$1,780
7 Bedrooms	$1,922
8 Bedrooms	$2,018

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

693

Median Household Income

$17,917

Housing Units

306

Renter Percentage

16.8%

Occupancy Rate

71.9%

Renter Occupied

ZIP code 36720, located in Mobile, Alabama, is a region characterized by its unique blend of residential neighborhoods and access to urban amenities. The area offers opportunities for both landlords and small-portfolio investors looking to tap into the local rental market.

The Fair Market Rent (FMR) for a one-bedroom apartment in the metro area for fiscal year 2026 is set at $850, providing a benchmark for rental pricing.
While specific market rent data for ZIP 36720 is currently unavailable, the FMR can serve as a reasonable proxy for expected rental rates.
The median home value in the area is not available, indicating a need for further research to understand the broader housing market dynamics.
Renters make up 16.8% of the housing stock, suggesting a modest but present demand for rental properties.
The median income in the area stands at $17,917, which is significantly below the national average and indicates a potentially challenging economic environment for tenants.
The days on market (DOM) for properties in ZIP 36720 is also not available, which could imply either a steady transaction rate or a lack of recent sales activity.

Synthesizing these points, investors should approach ZIP 36720 with caution, given the low median income levels that may affect the ability of tenants to pay higher rents. However, the presence of a dedicated renter population and the established FMR provide a foundation for setting realistic rental expectations. Landlords will need to focus on maintaining competitive pricing and understanding the local economic conditions to ensure stable occupancy and cash flow.

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.