Location: Dallas County, AL | Metro: Dallas County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The market in ZIP code 36767 presents a dynamic environment for real estate investors, particularly those focused on rental properties. The Fair Market Rent (FMR) for the area, set at $1,000 for the fiscal year 2026, reflects a standard benchmark established by HUD for the metro region. However, the actual market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at a notably lower figure of $483. This discrepancy suggests that the local rental market may be experiencing conditions where supply exceeds demand, driving down the average rent prices below the fair market level.
The median home value in ZIP 36767 is recorded at $87,753. While this figure alone does not indicate whether the market is buyer or seller-driven, it can be considered alongside the other metrics to understand the overall economic landscape. Given the lack of specific data on price-cut share and days on market (DOM), we cannot definitively state the trend of property sales. Nonetheless, the lower-than-FMR market rent points towards potential challenges in achieving premium rents, which could impact the profitability of rental investments in this area.
A key insight into the housing dynamics comes from the 16.9% renter share statistic. This percentage indicates a relatively low proportion of residents who are renters compared to homeowners. In such a market, there might be less immediate pressure to increase rental offerings, but it also implies that any shift in the economy that affects homeownership rates could lead to increased rental demand. For instance, if job opportunities decrease or mortgage rates rise, some homeowners may find themselves transitioning to renters, thereby increasing the long-term housing pressure on the rental market.
In summary, ZIP 36767 appears to be a market characterized by a balance between modest home values and a rental market that currently operates below the HUD-established FMR. The low renter share suggests a stable homeowner base but also hints at potential vulnerabilities should broader economic factors change. Landlords and small-portfolio investors must navigate these conditions carefully, keeping an eye on both the local economic indicators and broader trends that could influence the balance between supply and demand.
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.