Section 8 Fair Market Rent (FMR) for ZIP 36831 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 36831 in Auburn-Opelika County, Alabama, stands out due to limited available data. Specifically, there is no information on the number of residents, the percentage of renters, the median income, or the median home value. However, landlords and small-portfolio investors can focus on the voucher economics for insight.

The Fair Market Rent (FMR) for ZIP 36831 is set at $1100 for the fiscal year 2024. This figure is crucial for understanding the economic landscape for tenants using Section 8 vouchers. Despite the lack of detailed market rent data, the FMR provides a benchmark for rental pricing that aligns with federal housing assistance guidelines.

Landlords should be aware that the $1100 FMR represents the maximum amount the government will pay for a rental unit in this area. If market rents exceed this amount, tenants must cover the difference themselves, which can be challenging without additional context on local incomes and housing costs.

Given the scarcity of data points, it's difficult to definitively classify the ZIP code as either stable or transitional. However, the presence of a defined FMR suggests some level of stability in the housing market, as it indicates that the U.S. Department of Housing and Urban Development has established a standard for rental assistance in the area.

To make informed decisions, landlords and investors should monitor local real estate trends and seek additional sources of information on the economic conditions in Auburn-Opelika County. This will provide a clearer picture of the market dynamics and help in assessing the long-term viability of Section 8 properties.

Data Sources: FMR data from HUD (2027).

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.