Section 8 Fair Market Rent (FMR) for ZIP 36769 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The real estate market in ZIP 36769 presents several key points for consideration by landlords and small-portfolio investors. Here are the common objections raised by skeptical investors, followed by the relevant data.

• Will FMR $850 (metro FY 2026) cover the mortgage on a home?: The Fair Market Rent (FMR) of $850 for ZIP 36769 suggests that it can indeed cover a mortgage payment on an average-priced home. According to recent real estate data, the median home value in ZIP 36769 is $75,000, which is notably lower than the national average. This implies that the monthly mortgage payments on homes within this ZIP code would be relatively low, especially considering typical interest rates and loan terms. However, the exact mortgage amount depends on the specific property and financing terms.
• Is there enough renter demand at 23.8%?: With 23.8% of the population renting, there is a reasonable demand for rental properties in ZIP 36769. While this percentage might seem modest, it aligns with the local economic conditions and housing preferences. Additionally, the presence of 304 real estate properties in Pine Hill, AL, indicates a diverse housing market that includes various types of rental properties. The median Automated Valuation Model (AVM) price of $102,171.00 for these properties further supports the idea that there is a viable rental market, even if it is not as robust as in larger urban areas.
• Will vouchers keep pace with $703 market rents?: The market rent of $703 is below the FMR of $850, indicating that vouchers could potentially cover a significant portion of the rent. However, the effectiveness of voucher programs depends on their availability and the specific criteria for eligibility. Data shows that the median home value in ZIP 36769 is $75,000, suggesting that rental prices are generally lower than in other parts of the country. This means that while vouchers might help cover rent, the overall demand for subsidized housing must be considered. The United States Department of Housing and Urban Development (HUD) typically adjusts voucher amounts annually based on cost-of-living changes and local market conditions, so it is likely that they will remain competitive with the local market rents.

Note that while the data provides insights into the rental market and median home values, it does not offer a complete picture of the specific dynamics of the housing and rental markets in ZIP 36769. For instance, the data does not detail the unemployment rate or the economic stability of the area, which are critical factors in assessing the viability of rental investments.

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.