Location: Wilcox County, AL | Metro: Wilcox County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
860 FMR (metro FY 2026) stands as the federally determined fair market rent for ZIP code 36726, reflecting the average rental cost for a modest home suitable for low-income families. Meanwhile, the $956 market rent (Census ACS) indicates what tenants are actually paying in the area, suggesting a slight premium over the FMR. With a median home value of $154,273, this ZIP code offers an affordable entry point for both homeowners and investors looking to capitalize on real estate opportunities. The 23.1% renter share highlights a significant portion of the population that relies on rental properties, making it a viable market for landlords. However, the median income of $46,030 suggests that many residents may struggle to afford market rents, pointing towards a potential demand for subsidized housing options. The N/A-day DOM (days on market) implies that listings move quickly once they're available, indicating strong local interest in property acquisitions. Lastly, the 0.1% price-cut share signals that homes in this area rarely need to be discounted, showcasing stability in the real estate market.
Investors considering Section 8 participation should note that the 860 FMR aligns closely with the federal guidelines, ensuring a steady stream of eligible tenants. Given the disparity between the FMR and the market rent, landlords can expect a reasonable profit margin while still providing affordable housing. The relatively low median income further supports the likelihood of a robust applicant pool for Section 8 units. In conclusion, the data from ZIP 36726 suggests a favorable environment for Section 8 investments, balancing affordability with profitability.
Section 8 Verdict: Favorable investment climate with strong tenant demand.
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.