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Housing market/Alabama/ZIP 36507

ACS 2023 · FY2027 SAFMR

ZIP 36507 Bay Minette, Alabama

Daphne-Fairhope-Foley, AL MSA · Alabama. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
20,350
Households
7,674
Median HH income
$47,919
Renter share
25.7%
Median gross rent
$872
Vacancy
10.9%
Pop. change
-7.9%
2BR SAFMR
$1,220
SAFMR / rent
1.399×
2–49 unit stock
521
LIHTC proj / units
2 / 146
HUD assisted MF
3 / 102

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 36507 · AL — sent to you.

ZIP 36507 · AL

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ACS rent vs 2BR SAFMR

ZIP 36507 — Bay Minette, AL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$872
2BR SAFMR$1,220
90% floor$1,098
110% ceiling$1,342

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 36507

  • 1-unit detached6,11771.5%
  • 1-unit attached660.8%
  • 2–4 units1201.4%
  • 5–49 units4014.7%
  • 50+ units710.8%
  • Mobile1,78020.8%
TypeUnitsShare
1-unit detached6,11771.0%
1-unit attached660.8%
2 units (duplex)130.2%
3–4 units1071.2%
5–9 units3343.9%
10–19 units580.7%
20–49 units90.1%
50+ units710.8%
Mobile1,78020.7%

2–4 unit share 1.4% · 5–49 unit share 4.7% · combined 2–49 6.0%.

Units by bedrooms

Studio
30
1BR
336
2BR
1,965
3BR
4,898
4BR
1,244
5+
142

Rent burden

Rent ≥30% of income45.7%
Rent ≥50% of income23.0%
  • ACS median gross rent $872 (all bedrooms, occupied rentals).
  • Median contract rent $700.
  • Renters paying ≥30% of income 45.7%; ≥50% 23.0%.
  • FY2027 2BR SAFMR $1,220 (1.399× ACS median gross rent).

Population

20,350 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -7.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 2 projects, 146 units.
  • HUD project-based assisted MF: 3 properties, 102 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 132 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 36507 25.7% of occupied households are renters; vacancy is 10.9%; ACS median gross rent is $872; population changed -7.9% between the 2018 and 2023 ACS vintages; the housing stock includes 120 units in 2–4-unit structures and 401 units in 5–49-unit structures; 2 LIHTC projects totaling 146 units; FY2027 2BR SAFMR is $1,220 versus ACS median gross rent of $872. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Alabama research

ZIP 36507 is a Census / HUD profile for Daphne-Fairhope-Foley, AL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 36507 — Bay Minette, AL HUD Section 8 Payment Standards / SAFMR·Alabama ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
36511Daphne-Fairhope-Foley, AL MSA46.9%—$1,39036526Daphne-Fairhope-Foley, AL MSA25.1%$1,353$1,60036527Daphne-Fairhope-Foley, AL MSA24.9%$1,373$1,63036530Daphne-Fairhope-Foley, AL MSA20.1%$1,093$1,23036532Daphne-Fairhope-Foley, AL MSA17.5%$1,374$1,68036533Daphne-Fairhope-Foley, AL MSA——$1,43036535Daphne-Fairhope-Foley, AL MSA19.9%$1,168$1,32036536Daphne-Fairhope-Foley, AL MSA——$1,43036542Daphne-Fairhope-Foley, AL MSA31.1%$1,365$1,56036547Daphne-Fairhope-Foley, AL MSA——$1,61036549Daphne-Fairhope-Foley, AL MSA10.2%$845$1,39036550Daphne-Fairhope-Foley, AL MSA45.5%—$1,430

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Alabama research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 36507?

ZIP 36507 (Daphne-Fairhope-Foley, AL MSA) has 20,350 residents, 7,674 households, a renter share of 25.7%, median household income of $47,919, and ACS 2023 median gross rent of $872. Vacancy is 10.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 36507?

ACS counts 13 units in 2-unit buildings, 107 in 3–4 unit buildings, 334 in 5–9, 58 in 10–19, and 9 in 20–49. Combined 2–49 unit stock is 521 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 36507?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,220. See the full schedule and 90–110% payment-standard band on the ZIP 36507 — Bay Minette, AL HUD Section 8 Payment Standards / SAFMR.

Does this Alabama ZIP profile include Georgia listings?

No. ZIP 36507 is Census / HUD research for Daphne-Fairhope-Foley, AL MSA. Jeff Crowe CRE does not list Alabama property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.