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Housing market/Alabama/ZIP 35634

ACS 2023 · FY2027 SAFMR

ZIP 35634 Florence, Alabama

Florence-Muscle Shoals, 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
10,009
Households
4,169
Median HH income
$71,630
Renter share
19.1%
Median gross rent
$911
Vacancy
15.9%
Pop. change
+2.2%
2BR SAFMR
$1,170
SAFMR / rent
1.284×
2–49 unit stock
169
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 35634 · AL — sent to you.

ZIP 35634 · AL

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ACS rent vs 2BR SAFMR

ZIP 35634 — Florence, AL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$911
2BR SAFMR$1,170
90% floor$1,053
110% ceiling$1,287

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

Housing stock

ACS 2023 units-in-structure · ZCTA 35634

  • 1-unit detached3,94480.6%
  • 1-unit attached30.1%
  • 2–4 units310.6%
  • 5–49 units1382.8%
  • 50+ units290.6%
  • Mobile75015.3%
TypeUnitsShare
1-unit detached3,94479.5%
1-unit attached30.1%
2 units (duplex)170.3%
3–4 units140.3%
5–9 units460.9%
10–19 units511.0%
20–49 units410.8%
50+ units290.6%
Mobile75015.1%

2–4 unit share 0.6% · 5–49 unit share 2.8% · combined 2–49 3.4%.

Units by bedrooms

Studio
0
1BR
140
2BR
718
3BR
2,687
4BR
1,095
5+
319

Rent burden

Rent ≥30% of income23.5%
Rent ≥50% of income5.0%
  • ACS median gross rent $911 (all bedrooms, occupied rentals).
  • Median contract rent $544.
  • Renters paying ≥30% of income 23.5%; ≥50% 5.0%.
  • FY2027 2BR SAFMR $1,170 (1.284× ACS median gross rent).

Population

10,009 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.2%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 105 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 35634 19.1% of occupied households are renters; vacancy is 15.9%; ACS median gross rent is $911; population increased +2.2% between the 2018 and 2023 ACS vintages; the housing stock includes 31 units in 2–4-unit structures and 138 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,170 versus ACS median gross rent of $911. 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 35634 is a Census / HUD profile for Florence-Muscle Shoals, AL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 35634 — Florence, AL HUD Section 8 Payment Standards / SAFMR·Alabama ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
35630Florence-Muscle Shoals, AL MSA56.3%$783$1,13035631Florence-Muscle Shoals, AL MSA——$1,07035632Florence-Muscle Shoals, AL MSA——$1,13035633Florence-Muscle Shoals, AL MSA18.4%$792$1,07035645Florence-Muscle Shoals, AL MSA17.8%$1,006$1,26035646Florence-Muscle Shoals, AL MSA15.0%$475$99035648Florence-Muscle Shoals, AL MSA15.8%$623$92035660Florence-Muscle Shoals, AL MSA41.1%$850$1,09035661Florence-Muscle Shoals, AL MSA26.8%$917$1,24035662Florence-Muscle Shoals, AL MSA——$1,12035672Florence-Muscle Shoals, AL MSA18.7%$679$92035677Florence-Muscle Shoals, AL MSA7.0%$642$1,020

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 35634?

ZIP 35634 (Florence-Muscle Shoals, AL MSA) has 10,009 residents, 4,169 households, a renter share of 19.1%, median household income of $71,630, and ACS 2023 median gross rent of $911. Vacancy is 15.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 35634?

ACS counts 17 units in 2-unit buildings, 14 in 3–4 unit buildings, 46 in 5–9, 51 in 10–19, and 41 in 20–49. Combined 2–49 unit stock is 169 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 35634?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,170. See the full schedule and 90–110% payment-standard band on the ZIP 35634 — Florence, AL HUD Section 8 Payment Standards / SAFMR.

Does this Alabama ZIP profile include Georgia listings?

No. ZIP 35634 is Census / HUD research for Florence-Muscle Shoals, 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.