Location: Wilcox County, AL | Metro: Conecuh County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 36768 in metro FY 2026 is set at $910. This figure represents the payment standard for Section 8 housing assistance, meaning it's the amount the government will pay toward your tenant's rent. It does not reflect the total rent you can charge; rather, it's a benchmark used to ensure rents are reasonable.
In comparison, the average rent for the area according to Census ACS data is $1,069. This indicates that landlords in ZIP 36768 can potentially charge more than the FMR if the market supports it. However, tenants with Section 8 vouchers are limited to the amount covered by the voucher plus any additional rent they must pay themselves, which cannot exceed the total market rent.
The renter share in the area is 32.5%, suggesting a moderate demand for rental properties. This percentage implies that over one-third of households in the area are renters, indicating a steady pool of potential tenants who might be interested in Section 8 housing.
Note that the acquisition cost is listed as N/A, which means there isn't specific data on the typical purchase price for rental properties in this ZIP code. This absence of information makes it difficult to provide a precise figure, but it also means you'll need to do your own research to determine if the property values align with your investment goals.
Before deciding to take on a Section 8 rental, verify that your property meets the required standards for habitability and safety. The government sets these standards to ensure that tenants receive quality housing, and failing to meet them can result in penalties or loss of tenancy.
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.