Section 8 Fair Market Rent (FMR) for ZIP 39296 - 2027

FY 2027 Fair Market Rent Rates

To determine if you should buy in ZIP code 39296 for Section 8, follow these steps:

• If the Fair Market Rent (FMR) of $1130 covers your debt service:
  • Yes, proceed to the next step.
• If market rent is above the FMR of $1130:
  • No, market rents being higher suggest that Section 8 tenants might struggle to afford the rent, making it less attractive for Section 8 properties.
• If market rent is equal to or below the FMR of $1130:
  • It depends on the demand factors. Proceed to the next question.
• If the percentage of renters and the days on market (DOM) indicate sufficient demand:
  • Yes, there's likely enough tenant interest to make a Section 8 property viable.
• If the percentage of renters and the DOM do not support sufficient demand:
  • No, low demand suggests that finding and retaining Section 8 tenants could be challenging.

Note: Specific percentages for renters and exact DOM figures are required to accurately assess demand. Without these details, it's impossible to give a definitive answer. Ensure you have the most up-to-date and precise data before making a decision.

The viability of purchasing a property in ZIP 39296 for Section 8 purposes hinges on the ability of the FMR to cover debt service costs, the relationship between market rent and FMR, and the strength of rental demand as indicated by the percentage of renters and DOM. These factors collectively determine whether the investment aligns with the financial and operational goals of landlords and small-portfolio investors.

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.