Housing market/Alabama/ZIP 35648
ZIP 35648 Lexington, 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.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 35648 · AL — sent to you.
ZIP 35648 · AL
ACS rent vs 2BR SAFMR
ZIP 35648 — Lexington, AL HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 35648
- 1-unit detached1,02673.3%
- 1-unit attached271.9%
- 2–4 units332.4%
- 5–49 units282.0%
- Mobile28620.4%
2–4 unit share 2.4% · 5–49 unit share 2.0% · combined 2–49 4.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $623 (all bedrooms, occupied rentals).
- Median contract rent $424.
- Renters paying ≥30% of income 31.5%; ≥50% 6.1%.
- FY2027 2BR SAFMR $920 (1.477× ACS median gross rent).
Population
3,622 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +11.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 3 projects, 48 units.
- 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 35648 15.8% of occupied households are renters; vacancy is 11.1%; ACS median gross rent is $623; population increased +11.5% between the 2018 and 2023 ACS vintages; the housing stock includes 33 units in 2–4-unit structures and 28 units in 5–49-unit structures; 3 LIHTC projects totaling 48 units; FY2027 2BR SAFMR is $920 versus ACS median gross rent of $623. 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 35648 is a Census / HUD profile for Florence-Muscle Shoals, AL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 35648 — Lexington, AL HUD Section 8 Payment Standards / SAFMR·Alabama ZIP directory
Nearby ZIPs in this FMR area
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 35648?
ZIP 35648 (Florence-Muscle Shoals, AL MSA) has 3,622 residents, 1,245 households, a renter share of 15.8%, median household income of $71,563, and ACS 2023 median gross rent of $623. Vacancy is 11.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 35648?
ACS counts 15 units in 2-unit buildings, 18 in 3–4 unit buildings, 17 in 5–9, 11 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 61 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 35648?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $920. See the full schedule and 90–110% payment-standard band on the ZIP 35648 — Lexington, AL HUD Section 8 Payment Standards / SAFMR.
Does this Alabama ZIP profile include Georgia listings?
No. ZIP 35648 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.