Location: Columbus, GA | Metro: Auburn-Opelika, AL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,700 | $261,828 | 0.65% | D |
| 4BR | $1,970 | $381,227 | 0.52% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 36877 hinges on the balance between yield and stability. With a Fair Market Rent (FMR) of $1,130 for the fiscal year 2024, compared to a market rent of $1,182, there's a slight edge towards higher yields. However, the median home value of $281,752 suggests a more substantial initial investment, which typically correlates with higher stability.
The stability indicators reveal a mixed picture. Only 16.3% of the residents are renters, which is relatively low, pointing to a less volatile rental market. The median household income stands at $78,103, indicating a moderate level of financial security among the population. Despite these positive stability markers, the lack of data on the number of days on market (DOM) for rentals introduces uncertainty about how quickly properties can be leased out.
Based on the available data, ZIP 36877 leans more toward being a steady-cashflow zone. The FMR and market rent figures suggest a reasonable yield, but the high median home value and moderate income levels point to a stable environment where long-term investments are likely to perform well. Landlords and small-portfolio investors should expect steady returns rather than high-risk, high-reward scenarios typical of flip-style markets.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.