Location: Sumter County, AL | Metro: Sumter County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
45.4% of residents in ZIP code 36901 are renters, indicating a significant demand for rental properties in the area. This high percentage suggests that landlords can expect a steady pool of potential tenants. However, the lack of specific data on market rent and median home value means that these figures must be researched further to understand the local housing market dynamics accurately.
$830 is the Fair Market Rent (FMR) for the metro area as of fiscal year 2026, which provides a benchmark for rental pricing in the region. Landlords should ensure their rental rates align with this figure to remain competitive and attractive to tenants seeking government assistance programs such as Section 8.
$52,585 is the median income for ZIP 36901, which is an essential metric for assessing the financial capability of prospective tenants. Given this income level, it's reasonable to assume that a portion of the population would qualify for Section 8 vouchers, thereby increasing the pool of eligible tenants.
The absence of specific data regarding days on market (DOM) and the percentage of price-cut shares indicates that there isn't enough information to assess how quickly properties are typically rented out or if there is a common need to reduce asking prices to attract tenants. These metrics are crucial for understanding the efficiency of rental property management and the potential for rapid turnover.
In conclusion, with 45.4% of residents being renters and a median income of $52,585, ZIP code 36901 presents a viable opportunity for landlords and small-portfolio investors interested in Section 8 participation. The $830 FMR serves as a key reference point for setting rental rates. Despite the limitations in available data, the strong tenant demand and the likelihood of many qualifying for Section 8 support a positive outlook for investment in this area. Verdict: Acceptable for Section 8 investments.
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.