Location: Clarke County, AL | Metro: Clarke County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The median income in ZIP code 36727 stands at $31,548, which poses significant challenges for households trying to afford housing. Given the market rate is listed as N/A, it's essential to rely on the Fair Market Rent (FMR) standards set by the government, which for metro areas in fiscal year 2026 is $790. This figure represents the voucher payment standard available to renters through the Section 8 program.
With only 14.8% of the 231 residents being renters, competition among landlords in this area is relatively low. However, the affordability gap between the median income and the FMR highlights a critical issue. Households earning the median income would struggle to pay even the $790 voucher amount, indicating a substantial portion of renters may require subsidies to cover their housing costs.
The takeaway for landlords considering Section 8 versus cash-pay strategies is clear. While cash-paying tenants might offer higher rents, the scarcity of such households in ZIP 36727 suggests that relying solely on them could limit occupancy rates. Engaging with Section 8 tenants, despite the lower rent amounts, ensures a stable and reliable source of income, given the financial constraints many local residents face. Landlords should weigh the benefits of steady rental income against the potential risks and administrative burdens associated with accepting vouchers.
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.