Section 8 Fair Market Rent (FMR) for ZIP 39109 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
1 Bedroom	$850
2 Bedrooms	$1,000
3 Bedrooms	$1,190
4 Bedrooms	$1,310
5 Bedrooms	$1,520
6 Bedrooms	$1,702
7 Bedrooms	$1,838
8 Bedrooms	$1,930

To properly analyze ZIP code 39109 for its suitability as a Section 8 tenant pool, we must first acknowledge that the specific demographic and economic data points such as population size, percentage of renters, and median household income are currently unavailable. This lack of data makes it challenging to definitively characterize the area as either renter-heavy or homeowner-dominated. However, we can still provide insights based on the limited information available regarding market rents and the Federal Market Rent (FMR).

The Section 8 program's Fair Market Rent (FMR) for ZIP 39109 is set at $960 for fiscal year 2026, which is reflective of the metropolitan area's average rental cost. This figure serves as an upper limit for what a Section 8 voucher holder can pay towards rent, depending on the size of the household and the number of bedrooms required.

Without precise figures on median market rents, it is impossible to calculate exactly what percentage of local income is consumed by typical rent. However, given the FMR of $960, landlords can anticipate that tenants will be looking for units that fall within or slightly below this range, especially if they are relying solely on their vouchers to cover the rent.

The tenant profile expected in ZIP 39109 would primarily consist of individuals and families who qualify for the Section 8 Housing Choice Voucher Program. These tenants typically have low to moderate incomes and may include a mix of working adults, students, retirees, and families with children. Landlords should prepare for a diverse group of applicants seeking affordable housing options.

To attract and retain Section 8 tenants, landlords in ZIP 39109 must ensure their properties meet the necessary standards for housing quality and safety as stipulated by the program. Additionally, being aware of the administrative processes involved in accepting Section 8 tenants, including rent certifications and inspections, is crucial.

Given the absence of detailed local rent data, landlords should consider the FMR as a benchmark and be prepared to negotiate rents that align with the financial capabilities of their potential Section 8 tenants. Offering competitive amenities and maintaining a clean, well-managed property can also help in securing and keeping long-term tenants.

In summary, while ZIP 39109 cannot be precisely categorized without additional data, the presence of the Section 8 program suggests a significant portion of the population seeks affordable housing solutions. Landlords should focus on providing quality housing that adheres to the program's guidelines and is priced appropriately to appeal to voucher holders.

Data Sources: FMR data from HUD (2027).

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.