Housing market/Alabama/ZIP 35653
ZIP 35653 Russellville, Franklin County, Alabama
Franklin County, AL · Alabama. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 35653 · AL — sent to you.
ZIP 35653 · AL
ACS rent vs 2BR SAFMR
ZIP 35653 — Russellville, 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 35653
- 1-unit detached3,70480.8%
- 1-unit attached210.5%
- 2–4 units1954.3%
- 5–49 units2665.8%
- 50+ units210.5%
- Mobile3798.3%
2–4 unit share 4.2% · 5–49 unit share 5.8% · combined 2–49 10.0%.
Units by bedrooms
Rent burden
- ACS median gross rent $733 (all bedrooms, occupied rentals).
- Median contract rent $476.
- Renters paying ≥30% of income 33.9%; ≥50% 19.9%.
- FY2027 2BR SAFMR $1,000 (1.364× ACS median gross rent).
Population
11,005 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -0.3%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 50 units.
- HUD project-based assisted MF: 1 properties, 50 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 12 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 35653 26.9% of occupied households are renters; vacancy is 17.8%; ACS median gross rent is $733; population changed -0.3% between the 2018 and 2023 ACS vintages; the housing stock includes 195 units in 2–4-unit structures and 266 units in 5–49-unit structures; 2 LIHTC projects totaling 50 units; FY2027 2BR SAFMR is $1,000 versus ACS median gross rent of $733. 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 35653 is a Census / HUD profile for Franklin County, AL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 35653 — Russellville, 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 35653?
ZIP 35653 (Franklin County, AL) has 11,005 residents, 3,791 households, a renter share of 26.9%, median household income of $52,454, and ACS 2023 median gross rent of $733. Vacancy is 17.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 35653?
ACS counts 69 units in 2-unit buildings, 126 in 3–4 unit buildings, 160 in 5–9, 47 in 10–19, and 59 in 20–49. Combined 2–49 unit stock is 461 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 35653?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,000. See the full schedule and 90–110% payment-standard band on the ZIP 35653 — Russellville, AL HUD Section 8 Payment Standards / SAFMR.
Does this Alabama ZIP profile include Georgia listings?
No. ZIP 35653 is Census / HUD research for Franklin County, AL. 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.