Section 8 Fair Market Rent (FMR) for ZIP 36782 - 2027
Location: Marengo County, AL | Metro: Marengo County, AL
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $920 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$51,429
To determine if a landlord should invest in ZIP code 36782 for Section 8 properties, follow these steps:
- Does the Fair Market Rent (FMR) of $870 cover the debt service on a property?
- If the FMR of $870 clears the debt service, proceed to the next question.
- If not, do not consider this ZIP for Section 8 investment.
- Is the market rent of $909 above, at, or below the FMR?
- If the market rent is above the FMR ($909 > $870), then there is potential for a positive cash flow beyond just covering the debt service. Proceed to the third question.
- If the market rent is equal to or below the FMR, reconsider the investment unless other factors make it compelling.
- Are the 10.6% of renters combined with the days on market (DOM) sufficient to meet demand?
- If the 10.6% of renters is high enough and the DOM is low, indicating quick turnover, then there is strong demand for rental properties in this ZIP code. This makes it a viable option for Section 8 investment.
- If the percentage of renters is insufficient or the DOM is too high, suggesting slow turnover, then the demand might not be robust enough to support a Section 8 portfolio in this area.
The final decision hinges on whether the combination of these factors aligns with your investment criteria. A yes to all three questions points towards a favorable investment climate for Section 8 properties in ZIP 36782. However, if any of the conditions are not met, the answer shifts to a no or it depends, requiring further analysis of local market dynamics and tenant 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.