Section 8 Fair Market Rent (FMR) for ZIP 36749 - 2027

Location: Dallas County, AL | Metro: Montgomery, AL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$710
2 Bedrooms	$920
3 Bedrooms	$1,260
4 Bedrooms	$1,290
5 Bedrooms	$1,496
6 Bedrooms	$1,676
7 Bedrooms	$1,810
8 Bedrooms	$1,901

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

864

Median Household Income

$39,167

Housing Units

434

Renter Percentage

11.1%

Occupancy Rate

74.7%

Renter Occupied

ZIP code 36749, located in Alabama, offers a unique opportunity for real estate investors interested in the Section 8 housing market. The area's demographics and rental dynamics provide a solid foundation for understanding the potential returns and challenges associated with investing here.

The Fair Market Rent (FMR) for ZIP 36749 in fiscal year 2024 is set at $880, providing a benchmark for rental prices that landlords can expect to receive through the Section 8 program.
Despite the lack of specific data on market rent, the median home value in ZIP 36749 stands at $185,335, indicating a relatively affordable housing market compared to national averages.
Renters make up 11.1% of the population in this ZIP code, which is a critical statistic for landlords considering the demand for rental properties.
The median income of residents in ZIP 36749 is $39,167, suggesting that there is a significant portion of the population eligible for Section 8 assistance based on income thresholds.
The Days on Market (DOM) data is currently unavailable, but this metric would typically help investors gauge how quickly properties are being leased or sold.

Investors looking to enter the ZIP 36749 market should focus on properties that align with the FMR of $880, as this represents the maximum allowable rent for Section 8 tenants. With a median home value of $185,335, the area presents a cost-effective entry point for purchasing rental properties. The relatively low renter share of 11.1% implies a competitive market, where landlords must ensure their properties meet the necessary standards to attract tenants. Given the median income of $39,167, there is a substantial pool of potential Section 8 participants, making it a viable strategy for securing stable tenancy. However, without DOM data, it's crucial for investors to conduct thorough local research to understand the leasing cycle and adjust their investment strategies accordingly.

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.