Location: Wilcox County, AL | Metro: Clarke County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 36784 in metro FY 2026 is set at $850. This figure represents the payment standard for Section 8 housing vouchers, which is the amount the government will pay toward your tenant's rent. It is important to note that this is not the rent you can charge; it is the maximum subsidy the government will provide.
In comparison, the average rent in ZIP 36784 is $924, according to the latest Census American Community Survey (ACS) data. This means that landlords participating in the Section 8 program must ensure that their rent does not exceed the $850 subsidy, or they will need to cover the difference between the market rate and the subsidy.
The demand for rentals in this area is strong, with 31.9% of households being renters. This indicates a significant portion of the population relies on rental properties, making it a viable option for landlords looking to attract tenants through the Section 8 program.
When considering acquiring a property in ZIP 36784 for a Section 8 rental, the median home value is $141,628. This figure gives you an idea of the typical acquisition cost for a property in this area, allowing you to calculate potential returns on investment.
Before proceeding with a Section 8 rental in ZIP 36784, verify that the property meets all local housing quality standards, known as the Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary for tenants. Failure to meet these criteria can result in disqualification from the program, regardless of other factors.
In summary, the FMR of $850 sets the limit for government subsidies, while the average rent of $924 reflects the local market conditions. With 31.9% of households renting, there is a robust demand for affordable housing. The median home value of $141,628 provides a benchmark for property acquisition costs. Ensure your property complies with HQS to avoid any issues with eligibility.
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.