Location: Wilcox County, AL | Metro: Wilcox 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 |
The ZIP code 36741 is located in Furman, Alabama, within Wilcox County. This area has a total population of 73 residents. The data shows that the median household income is $0, which indicates a lack of comprehensive data for this specific ZIP code. Similarly, the median home value is also listed as $0, suggesting that there might be limited housing data available.
In terms of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $870. However, the exact market rent for ZIP 36741 is not provided, making it challenging to compare the FMR against local market rates directly.
Given the sparse data, it's difficult to determine whether ZIP 36741 would be suitable for a hands-off Section 8 voucher operator or a hands-on value-add buyer. The lack of detailed demographic and economic information means that potential investors should conduct further research before making any decisions. It is advisable to look into local market conditions, property management costs, and the availability of Section 8 tenants in the area to make a well-informed investment choice.
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.