Housing market/Alabama/ZIP 36116
ZIP 36116 Montgomery, 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.
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HUD schedule, ACS stock, and the 90–110% band for ZIP 36116 · AL — sent to you.
ZIP 36116 · AL
ACS rent vs 2BR SAFMR
ZIP 36116 — Montgomery, 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 36116
- 1-unit detached11,55757.8%
- 1-unit attached6833.4%
- 2–4 units1,0355.2%
- 5–49 units5,04825.3%
- 50+ units8874.4%
- Mobile7743.9%
2–4 unit share 5.2% · 5–49 unit share 25.2% · combined 2–49 30.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,056 (all bedrooms, occupied rentals).
- Median contract rent $790.
- Renters paying ≥30% of income 48.1%; ≥50% 30.5%.
- FY2027 2BR SAFMR $1,140 (1.080× ACS median gross rent).
Population
44,369 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -0.4%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 15 projects, 1,307 units.
- HUD project-based assisted MF: 2 properties, 24 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 264 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 36116 52.5% of occupied households are renters; vacancy is 11.4%; ACS median gross rent is $1,056; population changed -0.4% between the 2018 and 2023 ACS vintages; the housing stock includes 1,035 units in 2–4-unit structures and 5,048 units in 5–49-unit structures; 15 LIHTC projects totaling 1,307 units; FY2027 2BR SAFMR is $1,140 versus ACS median gross rent of $1,056. 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 36116 is a Census / HUD profile for Montgomery, AL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 36116 — Montgomery, 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 36116?
ZIP 36116 (Montgomery, AL MSA) has 44,369 residents, 17,734 households, a renter share of 52.5%, median household income of $53,973, and ACS 2023 median gross rent of $1,056. Vacancy is 11.4%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 36116?
ACS counts 66 units in 2-unit buildings, 969 in 3–4 unit buildings, 2,786 in 5–9, 1,640 in 10–19, and 622 in 20–49. Combined 2–49 unit stock is 6,083 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 36116?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,140. See the full schedule and 90–110% payment-standard band on the ZIP 36116 — Montgomery, AL HUD Section 8 Payment Standards / SAFMR.
Does this Alabama ZIP profile include Georgia listings?
No. ZIP 36116 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.