Location: Choctaw County, AL | Metro: Choctaw County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 36921, located in a county with a population of just 1,072 residents, stands out due to its unique demographic and economic characteristics. Only 16.1% of the residents rent their homes, indicating a predominantly owner-occupied community. The median income in this area is $40,481, which is lower than many metropolitan areas but reflective of the rural setting.
The data for the median home value is currently unavailable, suggesting that the housing market might be less active or less documented compared to larger urban areas. This lack of data can make it challenging to assess the overall health of the housing market in ZIP 36921.
Moving to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $780. However, the market rent data for ZIP 36921 is also not available, making it difficult to compare the FMR against local rental rates. Despite this gap in information, landlords and small-portfolio investors should be aware of the FMR as it directly impacts the amount of rent assistance that tenants can receive.
In terms of stability, the data suggests a transitional environment. With limited information on median home values and market rents, it's clear that this area is evolving, and further data collection could provide more insights into its future direction. Landlords and investors should keep an eye on any updates regarding the median home value and market rents to better understand the dynamics of the rental market in ZIP 36921.
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.