Section 8 Fair Market Rent (FMR) for ZIP 36919 - 2027

Location: Choctaw County, AL | Metro: Choctaw County, AL

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$760
2 Bedrooms	$970
3 Bedrooms	$1,270
4 Bedrooms	$1,490
5 Bedrooms	$1,728
6 Bedrooms	$1,935
7 Bedrooms	$2,090
8 Bedrooms	$2,195

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,878

Median Household Income

$59,091

Housing Units

947

Renter Percentage

16.2%

Occupancy Rate

80.3%

Renter Occupied

123

The town of Madison, located in ZIP code 36919, is a desirable location for real estate investment, particularly for those interested in the Section 8 housing market. The area offers a blend of rural charm and accessibility to urban amenities, making it attractive to both families and individuals seeking affordable housing solutions.

The Fair Market Rent (FMR) for ZIP 36919 in fiscal year 2024 is set at $960, providing a benchmark for rental properties that participate in the Section 8 program.
The average market rent for the area, according to the Census American Community Survey, stands at $290, indicating a significant gap between market rates and FMR, which can be leveraged by landlords.
The median income for residents in ZIP 36919 is $59,091, suggesting a middle-class demographic that may benefit from subsidized housing options.
Renters make up 16.2% of the local housing market, showing a moderate demand for rental properties but also highlighting the potential for growth in this sector.
The median home value data is currently unavailable, which may indicate a lack of comprehensive data on homeownership trends in the area.
The Days on Market (DOM) data is also unavailable, which could mean that property listings are quickly sold or rented, or there's limited recent activity to measure.

For landlords and small-portfolio investors, the key takeaway is that ZIP 36919 presents a viable opportunity to engage in the Section 8 housing market. With a fair market rent significantly higher than the average market rate, there is a clear financial incentive to participate in the program. Additionally, the moderate renter share suggests a stable but growing market, while the median income figure indicates that tenants are likely to have steady employment, reducing the risk of non-payment. Although specific data points regarding median home values and DOM are missing, the overall economic context and the attractiveness of Section 8 subsidies make this area a worthwhile consideration for real estate investments focused on affordable housing.

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.