Location: Choctaw County, AL | Metro: Choctaw County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 36913 are renters, indicating a predominantly owner-occupied area. This statistic is crucial for landlords and small-portfolio investors considering the local real estate market. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $860, which is the benchmark for rental pricing in subsidized housing programs such as Section 8. However, the lack of data on market rent, median home value, median income, days on market (DOM), and the percentage of price-cut shares suggests that there might be limited activity or information available regarding the rental sector in this specific ZIP code.
The absence of these key metrics can make it challenging to gauge the overall health and potential profitability of the rental market in 36913. For instance, without knowing the median income, it's difficult to assess the financial stability of potential tenants. Similarly, the missing days on market and price-cut share percentages prevent us from understanding how quickly properties are being rented out and if there's a need to adjust prices to attract tenants.
Investors should be cautious when interpreting the $860 FMR figure, as it is based on the broader metro area and might not accurately reflect the specific conditions of ZIP code 36913. Given the low renter share and the lack of detailed market data, it appears that the rental market in this area is underdeveloped or not well documented.
A final consideration for Section 8 participation is the availability of subsidized housing vouchers. While the FMR provides a guideline, the actual demand and supply dynamics of Section 8 vouchers in ZIP 36913 would require additional research to determine feasibility.
Based on the available data, the Section 8 verdict for ZIP code 36913 is inconclusive due to insufficient market-specific information.
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.