Location: Dallas County, AL | Metro: Chilton County, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The ZIP code 36758 is home to a population of 1,484 individuals, with 22.0% being renters. This indicates that the majority of the residents in this area are homeowners rather than renters, suggesting that the demand for rental properties, particularly those utilizing Section 8 vouchers, may be relatively lower compared to more renter-heavy areas.
Given the median household income is not available, it's challenging to make a direct comparison between local incomes and the market rent of $825. However, we can analyze the rent against the Fair Market Rent (FMR) which stands at $960 for FY 2024 in this ZIP code. The market rent of $825 is below the FMR, indicating that rental properties in this area might be more affordable relative to the average rent level in the region.
For landlords, this means that tenants who qualify for Section 8 vouchers could potentially afford the market rent of $825 without significant strain on their budget. The voucher amount typically covers a substantial portion of the rent, making it easier for tenants to find suitable housing. Since the market rent is less than the FMR, the gap between what a voucher might cover and the actual rent is likely smaller, benefiting both landlords and tenants.
The kind of tenant profile a landlord should expect in this ZIP code would be individuals or families who rely on government assistance to meet their housing needs. These tenants would likely be working low-income jobs or be part of other qualifying groups such as the elderly or disabled. Landlords can anticipate that their tenants will have a strong incentive to maintain stable housing due to the financial support provided by the vouchers, leading to potentially lower turnover rates and more consistent rent payments.
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.