Location: Wilcox County, AL | Metro: Montgomery, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,260 |
| 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)
The classification of ZIP code 36761 hinges on the interplay between rental yields and market stability. With a Fair Market Rent (FMR) of $880 for fiscal year 2024, compared to the market rent of $864, it indicates that properties in this area can command slightly higher rents through Section 8 subsidies. However, the median home value stands at $154,661, which is relatively moderate, suggesting that the potential for high returns on investment is tempered by the cost of acquiring property.
Evaluating stability, we see that 29.2% of the population are renters, indicating a modest but not insignificant rental demand. The lack of data on days on market (DOM) suggests that there might be limited turnover, potentially leading to fewer opportunities for rapid property flips. Additionally, the average household income is $26,743, which is below the national average and could imply a higher risk of default on rental payments.
Given these metrics, ZIP 36761 leans towards being a steady-cashflow zone. The slight premium in FMR over market rent supports a modest yield, but the relatively low income levels and moderate rental demand suggest stability rather than volatility. Landlords and small-portfolio investors should expect consistent but not exceptionally high returns, with a need for careful tenant selection to mitigate risks associated with lower incomes.
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.