Location: Bullock County, AL | Metro: Macon County, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 36860 stands out due to its unique demographic and economic characteristics. With a total population of 1,486 residents, it has a rental rate of 21.2%, indicating a modest but present demand for rental properties. The median income for the area is $43,451, while the median home value is significantly higher at $111,404. This disparity between income and home values suggests that homeownership might be challenging for many residents, thereby reinforcing the importance of rental housing.
In terms of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 36860 in fiscal year 2024 is set at $890. However, the actual market rent, according to the Census Bureau's American Community Survey (ACS), is much lower at $540. This gap presents an opportunity for landlords and small-portfolio investors to potentially benefit from the higher FMR rates while still remaining competitive in the local rental market. The difference between the FMR and market rent can also help cover maintenance costs and other expenses associated with property management.
Given the data signature, ZIP 36860 appears to be in a stable condition. The relatively low population size and steady rental rates suggest a consistent demand for affordable housing without the volatility often seen in larger urban areas. For landlords and small-portfolio investors, this stability means that they can rely on a predictable stream of rental income through the Section 8 program, which covers 70% of the FMR, making it a reliable source of revenue.
Investing in ZIP 36860 under the Section 8 umbrella is a strategic choice for those looking to capitalize on a niche market where the government subsidy significantly exceeds the local market rent. This ZIP code offers a balanced environment where the financial support from the voucher program can offset the challenges of managing properties in a less densely populated area.
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.