Section 8 Fair Market Rent (FMR) for ZIP 36907 - 2027

Location: Sumter County, AL | Metro: Sumter County, AL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$860
2 Bedrooms	$1,090
3 Bedrooms	$1,520
4 Bedrooms	$1,620
5 Bedrooms	$1,879
6 Bedrooms	$2,104
7 Bedrooms	$2,272
8 Bedrooms	$2,386

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,618

Median Household Income

$45,444

Housing Units

820

Renter Percentage

14.1%

Occupancy Rate

81.6%

Renter Occupied

The ZIP code 36907, located in Mobile, Alabama, is a residential area with a mix of single-family homes and rental properties. The local economy is driven by a combination of military presence and civilian jobs, providing a stable tenant base for landlords and small-portfolio investors.

Fair Market Rent (FMR): The FMR for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,210, indicating a benchmark for rental pricing.
Market Rent: According to Census ACS data, the average market rent for a similar unit is slightly lower at $1,125, reflecting the actual rental prices landlords can expect.
Renter Share: With 14.1% of the population renting their homes, the demand for rental units is moderate but consistent.
Days on Market (DOM): The data does not provide a specific DOM figure, which could indicate either a balanced market or a lack of recent sales activity to analyze.
Median Home Value: There is no available data on the median home value, suggesting that the area might be predominantly rentals or that home values vary widely.
Median Income: The median household income in ZIP 36907 is $45,444, providing insight into the financial capacity of potential tenants.

Investors looking to enter the ZIP 36907 market should focus on properties priced around the Fair Market Rent of $1,210 for a two-bedroom unit. Given the moderate renter share and the lower market rent, it's advisable to price competitively at $1,125 or slightly above. The median income suggests a tenant pool capable of affording rents near the FMR, but landlords must consider the stability of the local economy and the impact of military presence on tenant turnover. Despite the absence of DOM and median home value data, the area's economic drivers and reasonable rent levels make it a viable investment option for those willing to conduct thorough due diligence on individual property performance.

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.