Location: Wilcox County, AL | Metro: Marengo County, AL
| 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 |
U.S. Census Bureau data (2024)
The classification of ZIP code 36722 hinges on the interplay between its yield potential and stability metrics. With a Fair Market Rent (FMR) of $850 for the fiscal year 2026, it offers a defined baseline for rental yields, particularly given that there is no available data on market rents or home values. This suggests a reliance on government-subsidized housing programs, such as Section 8, which can provide steady cash flow but at rates lower than the market might otherwise offer.
The stability of the area is influenced by several factors. Notably, 38.7% of residents are renters, indicating a significant portion of the population dependent on rental housing. However, the lack of data on days-on-market (DOM) for properties implies uncertainty about how quickly units can be leased or re-leased, which is crucial for assessing the turnover rate and overall market demand. The median household income stands at $95,313, which is relatively strong and suggests that residents have the financial capability to meet their rent obligations, contributing positively to the stability of the rental market.
Given these figures, ZIP 36722 does not fit neatly into either a high-yield/low-stability 'flip-style' market or a steady-cashflow zone. Instead, it represents an area with moderate yield potential due to the FMR being the only concrete figure for rental income. The presence of a substantial rental population and decent household income supports a level of stability, albeit with some unknowns regarding property turnover and market dynamics. For landlords and small-portfolio investors, this ZIP code presents an opportunity for stable, if not exceptionally high, returns through Section 8 participation, with the caveat that additional research into local market conditions would be advisable.
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.