Location: Perry County, AL | Metro: Tuscaloosa, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
ZIP code 36756, located within the Perry County, AL metro area, presents a unique scenario when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 36756 is set at $920 for fiscal year 2024, which is notably higher than the market rent of $625. This suggests that there is a premium placed on rental properties in this ZIP code, likely due to factors such as location, amenities, or demand.
The median home value in ZIP 36756 stands at $133,961, which is relatively low compared to many other areas, indicating that it might be considered a value pocket within the larger Perry County metro. However, this ZIP code also has a significant 22.6% share of renters, which is a critical metric for Section 8 analysts. A high renter share combined with below-average home values can often signify an area where Section 8 housing vouchers are prevalent and can provide a steady stream of tenants for landlords.
In summary, ZIP 36756 appears to be a value pocket within the Perry County, AL metro area. Its lower home values coupled with a substantial renter population make it an attractive location for landlords and small-portfolio investors looking to capitalize on the demand for affordable rentals. The disparity between the FMR and the actual market rent could indicate opportunities for landlords to charge slightly above market rates while still being within the bounds of what is considered affordable by HUD standards.
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.