Housing market/Alabama/ZIP 36054

ACS 2023 · FY2027 SAFMR

ZIP 36054 Millbrook, Alabama

Montgomery, 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
14,891
Households
5,739
Median HH income
$60,984
Renter share
30.9%
Median gross rent
$1,012
Vacancy
8.4%
Pop. change
-7.4%
2BR SAFMR
$1,130
SAFMR / rent
1.117×
2–49 unit stock
1,065
LIHTC proj / units
4 / 272
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 36054 · AL — sent to you.

ZIP 36054 · AL

ACS median rent$1,012
2BR SAFMR$1,130
90% floor$1,017
110% ceiling$1,243

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

Housing stock

ACS 2023 units-in-structure · ZCTA 36054

  • 1-unit detached4,53172.3%
  • 1-unit attached1802.9%
  • 2–4 units3415.4%
  • 5–49 units72411.6%
  • 50+ units270.4%
  • Mobile4627.4%
TypeUnitsShare
1-unit detached4,53172.3%
1-unit attached1802.9%
2 units (duplex)560.9%
3–4 units2854.5%
5–9 units2874.6%
10–19 units2504.0%
20–49 units1873.0%
50+ units270.4%
Mobile4627.4%

2–4 unit share 5.4% · 5–49 unit share 11.6% · combined 2–49 17.0%.

Units by bedrooms

Studio
9
1BR
266
2BR
1,072
3BR
3,313
4BR
1,330
5+
275

Rent burden

Rent ≥30% of income44.1%
Rent ≥50% of income19.2%
  • ACS median gross rent $1,012 (all bedrooms, occupied rentals).
  • Median contract rent $787.
  • Renters paying ≥30% of income 44.1%; ≥50% 19.2%.
  • FY2027 2BR SAFMR $1,130 (1.117× ACS median gross rent).

Population

14,891 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -7.4%.

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

Assisted inventory

  • LIHTC: 4 projects, 272 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 0 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 36054 30.9% of occupied households are renters; vacancy is 8.4%; ACS median gross rent is $1,012; population changed -7.4% between the 2018 and 2023 ACS vintages; the housing stock includes 341 units in 2–4-unit structures and 724 units in 5–49-unit structures; 4 LIHTC projects totaling 272 units; FY2027 2BR SAFMR is $1,130 versus ACS median gross rent of $1,012. 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 36054 is a Census / HUD profile for Montgomery, AL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

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 36054?

ZIP 36054 (Montgomery, AL MSA) has 14,891 residents, 5,739 households, a renter share of 30.9%, median household income of $60,984, and ACS 2023 median gross rent of $1,012. Vacancy is 8.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 36054?

ACS counts 56 units in 2-unit buildings, 285 in 3–4 unit buildings, 287 in 5–9, 250 in 10–19, and 187 in 20–49. Combined 2–49 unit stock is 1,065 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 36054?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,130. See the full schedule and 90–110% payment-standard band on the ZIP 36054 — Millbrook, AL HUD Section 8 Payment Standards / SAFMR.

Does this Alabama ZIP profile include Georgia listings?

No. ZIP 36054 is Census / HUD research for Montgomery, 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.