Location: Leon County, TX | Metro: Leon County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The median income in ZIP code 75833 stands at $69,338, which places significant constraints on the rental budget of the average household. Given the market rate for rent at $960 per month according to Census ACS data, it becomes evident that a substantial portion of the income goes towards housing expenses. This makes up nearly 17% of the annual income, assuming no other financial burdens.
In comparison, the Fair Market Rent (FMR) set at $1,000 for metro areas in fiscal year 2026 is notably higher than the current market rate. This suggests that the local rental market is somewhat below the federal benchmark, potentially offering landlords an opportunity to adjust their pricing strategies without alienating tenants.
With 21.9% of the 3,550 population being renters, the competition among landlords is a critical factor. The affordability gap between the median income and the FMR highlights the challenge renters face in finding housing that fits within their budget. Landlords must consider this when deciding whether to accept Section 8 vouchers or prefer cash-paying tenants.
Accepting vouchers can be a strategic move given the high FMR compared to the median income. It allows landlords to tap into a federal subsidy program that helps cover the difference between the market rate and what a tenant can afford based on their income. However, the voucher payment standard at $1,000 is above the current market rate of $960, meaning landlords could receive slightly higher rents if they choose to work with voucher holders.
The takeaway for landlords is clear: accepting Section 8 vouchers can be financially beneficial and helps attract tenants who might otherwise struggle to find suitable housing. This strategy not only supports the local community but also ensures a steady, government-backed income stream that exceeds the typical market rate.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.