Section 8 Fair Market Rent (FMR) for ZIP 36751 - 2027

Location: Wilcox County, AL | Metro: Clarke County, AL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$780
2 Bedrooms	$920
3 Bedrooms	$1,270
4 Bedrooms	$1,430
5 Bedrooms	$1,659
6 Bedrooms	$1,858
7 Bedrooms	$2,007
8 Bedrooms	$2,107

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

935

Median Household Income

$47,011

Housing Units

338

Renter Percentage

18.5%

Occupancy Rate

70.4%

Renter Occupied

To determine if you should buy in ZIP code 36751 for Section 8 purposes, follow these steps:

Step 1: Calculate if the Fair Market Rent (FMR) of $850 can cover the debt service on a property priced at $106,066.

If yes, proceed to Step 2.
If no, do not invest in this area as the FMR is insufficient to cover the necessary expenses.

Step 2: Evaluate the market rent against the FMR. Given that the market rent is currently N/A, it's unclear whether it exceeds, equals, or falls below the FMR of $850.

If the market rent is above the FMR, it suggests a competitive rental market which may be challenging for Section 8 tenants.
If the market rent is equal to or below the FMR, it indicates a more favorable environment for Section 8 properties.

Step 3: Assess the demand for rentals. In ZIP 36751, 18.5% of residents are renters, and the Days on Market (DOM) is N/A, indicating incomplete data on how quickly properties are rented.

If there is sufficient demand and properties are rented quickly, then investing in this ZIP code could be profitable.
If the demand is low or properties take too long to rent, consider other areas with higher demand and faster turnover rates.

The decision ultimately hinges on the ability of the FMR to cover debt service, the comparison between market rent and FMR, and the strength of rental demand. With incomplete data on market rent and DOM, a definitive recommendation cannot be made without further investigation.

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.