Section 8 Fair Market Rent (FMR) for ZIP 36910 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

ZIP code 36910, located in Mobile, Alabama, is characterized by a predominantly owner-occupied housing market with limited rental opportunities. This analysis will provide insights into the key metrics that define the local real estate landscape, including Fair Market Rent (FMR), market rent, median home value, renter share, days on market (DOM), and median income.

• The Fair Market Rent (FMR) for ZIP code 36910, as determined by HUD for fiscal year 2026, is set at $940 for a two-bedroom apartment. This figure reflects the average rent that HUD considers appropriate for low-income families in the area.
• Market rent data is currently unavailable for ZIP code 36910. However, given the FMR and the typical premium that market rents command over FMRs, it's reasonable to assume that market rents are higher than the $940 FMR but specific figures cannot be cited without additional data.
• The median home value data is also not available for ZIP code 36910. This lack of information makes it challenging to compare property values with rents, which is crucial for assessing investment potential.
• The renter share in ZIP code 36910 stands at 0.0%, indicating that virtually all residents own their homes. This statistic underscores the area's strong preference for homeownership over renting, which could affect the demand for rental properties.
• Days on Market (DOM) data is not available, making it difficult to assess how quickly properties sell in this area. This metric would typically give insight into the speed of the local real estate market and the competitive environment.
• Data on the median income for ZIP code 36910 is not available. Understanding the income levels of residents is critical for predicting their ability to afford housing, whether they are renters or buyers.

Given the available data, ZIP code 36910 presents a unique challenge for landlords and small-portfolio investors due to the extremely low renter share and the absence of several key metrics such as market rent, median home value, and median income. The FMR of $940 provides a baseline for rental pricing, but the high ownership rate suggests that rental investments might struggle to find tenants. Investors should focus on gathering comprehensive data to make informed decisions about potential investments in this area.

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.