Location: Columbus, GA | Metro: Columbus, GA-AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
The ZIP code 36868 is located in Phenix City, Alabama, and is classified as a PO Box ZIP code, which means it is primarily used for mail delivery rather than residential or commercial areas. Due to its nature as a PO Box ZIP code, detailed demographic information such as population, median income, and median home value is not available through standard sources like the U.S. Census Bureau.
However, for the broader context of Phenix City, the Fair Market Rent (FMR) for ZIP code 36868 in fiscal year 2024 is set at $930. This figure is crucial for landlords and small-portfolio investors who operate in the Section 8 housing voucher program. The FMR represents the maximum amount of rent that can be charged to tenants participating in the voucher program, ensuring affordability while providing a benchmark for rental pricing.
When considering whether ZIP code 36868 fits a hands-off voucher operator or a hands-on value-add buyer, the lack of detailed demographic data makes it challenging to assess the potential tenant pool directly. However, the FMR of $930 suggests a market that may benefit from hands-on management, where improvements or strategic positioning could enhance rental income beyond the voucher program limits. For hands-off operators, the reliability of the Section 8 program might still make this ZIP code an attractive option, given the guaranteed rent payments and reduced risk of vacancy.
To make a more informed decision, further investigation into the specific properties within ZIP code 36868 would be necessary. This includes understanding the condition of the properties and their alignment with the needs of the local tenant base, which can often be inferred from the broader county or city-level data.
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.