Location: Tuscaloosa, AL | Metro: Tuscaloosa, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
ZIP code 36776 falls within the Tuscaloosa, AL HUD Metro FMR Area. The Fair Market Rent (FMR) for this ZIP code is set at $920 for fiscal year 2024. However, the specific market rent and home value figures for ZIP 36776 are currently unavailable. Despite this lack of detail, we can still draw some comparisons based on the available data.
The renter share in ZIP 36776 is 29.6%, which is notably higher than the average for the Tuscaloosa, AL HUD Metro FMR Area. This suggests that a significant portion of residents in 36776 rely on rental housing, making it an attractive area for landlords and small-portfolio investors interested in the Section 8 program. While the exact market rent and home values cannot be compared directly due to the absence of data, the higher-than-average renter share combined with a defined FMR can indicate that 36776 may serve as a value pocket within the broader Tuscaloosa metro area.
A value pocket typically refers to a sub-market where rental properties can be acquired at a lower cost relative to other areas within the same metro, while still meeting the FMR requirements. In the case of ZIP 36776, the defined FMR of $920, alongside the high renter share, points towards a potential sweet spot for Section 8 properties. Landlords and investors should take note of this ZIP code's characteristics as they align well with the goals of maximizing tenant eligibility within the Section 8 program.
Investors looking to capitalize on the Section 8 market in Tuscaloosa would benefit from further research into ZIP 36776, particularly focusing on acquiring properties that fit within the $920 FMR limit. Although specific market rent and home values are not provided, the high renter share is a strong indicator that this ZIP could offer opportunities for those seeking to invest in affordable housing solutions.
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.