Location: Dallas County, AL | Metro: Montgomery, AL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 36775 in fiscal year 2024 is set at $1060. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) to determine the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the rent you will be receiving; it's the cap on the rent HUD will pay.
To put this into perspective, the median household income in ZIP 36775 is $104,660. Given that approximately 30.5% of this income is typically allocated towards housing costs, there is a strong demand for affordable rental units in this area. The FMR of $1060 aligns well with the income levels of potential tenants, ensuring a steady stream of qualified applicants.
While the local market rent is currently listed as N/A, the FMR serves as a benchmark for setting reasonable rental rates. Landlords should ensure their property meets the quality and safety standards required by the Section 8 program to avoid any issues with tenant placement or rent adjustments.
Before committing to a Section 8 rental, it's crucial to verify that your property complies with the Housing Quality Standards (HQS). These standards are designed to ensure that the rental unit is safe, decent, and sanitary for tenants. Failure to meet these standards can result in delays or even disqualification from the program.
In summary, with an FMR of $1060 and a median income of $104,660, there is significant demand for affordable rentals in ZIP 36775. By confirming your property meets HQS requirements, you can proceed with confidence in offering a Section 8 rental.
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.