Section 8 Fair Market Rent (FMR) for ZIP 36764 - 2027

FY 2027 Fair Market Rent Rates

The analysis of ZIP 36764, located in Alabama, reveals specific figures that define its yield and stability. The Fair Market Rent (FMR) for the fiscal year 2026 is set at $780 for the metro area. This figure is crucial for understanding the potential rental income.

Regarding stability, while specific percentages for renters and days on market (DOM) are not available, the lack of such data suggests a less dynamic market. Typically, a higher percentage of renters indicates greater market volatility, but without precise numbers, it's challenging to make a definitive assessment.

The income data for the area is also not provided, which is another key indicator of stability. Income levels influence the ability of tenants to pay rent consistently, thereby affecting the overall stability of the rental market.

In terms of yield, the FMR of $780 suggests that this area offers a moderate rental income potential compared to larger metropolitan areas where FMRs can be significantly higher. However, the absence of market and home value data means we cannot fully assess whether this represents a high-yield opportunity relative to local home values.

Given the limited data available, ZIP 36764 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The moderate FMR indicates a reliable, if not exceptionally lucrative, rental income stream. However, the lack of detailed market and income data prevents a more nuanced classification.

Data Sources: FMR data from HUD (2027).

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.