Location: Auburn-Opelika, AL | Metro: Auburn-Opelika, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
ZIP 36865, located within the Auburn-Opelika, AL HUD Metro FMR Area, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 36865 in fiscal year 2024 is set at $1100 for a one-bedroom unit. This figure serves as a benchmark for rental income stability.
The lack of available market rent data and median home values does not detract from the suitability of this ZIP code as a cash-flow anchor. The consistency provided by the HUD-set FMR ensures that landlords can rely on steady, predictable rental income. In a volatile real estate market, such predictability is invaluable for maintaining portfolio performance and cash flow stability.
Additionally, with a renter share of 90.9%, there is a high demand for rental properties in ZIP 36865. This high percentage indicates that the majority of residents are renters, which supports a robust tenant pool. While the median income data is unavailable, the high renter share suggests that many residents are likely to be eligible for Section 8 assistance, further solidifying the potential for consistent cash flow.
In summary, ZIP 36865 is an excellent choice for a cash-flow anchor due to the guaranteed rental income from the HUD-set FMR and the strong demand for rental housing. These factors combine to create a stable investment environment, ideal for landlords and small-portfolio investors seeking reliable returns.
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.