Section 8 Fair Market Rent (FMR) for ZIP 76206 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 76206, located in Texas, is part of a region that offers a unique blend of urban amenities and suburban comfort. The area is characterized by its diverse housing stock, ranging from single-family homes to multifamily units, catering to various lifestyles and budgets.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 76206 for fiscal year 2024 is set at $1840.
• The exact market rent for the area is currently unavailable, indicating a potential gap between government-set FMRs and actual rental prices.
• The median home value in the ZIP code is also not available, suggesting a lack of comprehensive data on homeownership trends in the area.
• The percentage of residents who are renters is unknown, making it difficult to gauge the overall demand for rental properties.
• The Days on Market (DOM) for listings in the area is not specified, which could imply either a strong or weak local real estate market depending on the context.
• The median household income figure for ZIP 76206 is not available, leaving an important economic indicator unquantified.

In summary, while the Fair Market Rent provides a benchmark for rental pricing in ZIP 76206, the absence of other key metrics such as market rent, median home values, and median income levels creates uncertainty. Investors should focus on the FMR of $1840 for a two-bedroom unit as a starting point but must also conduct thorough research to fill in the gaps regarding local rental market dynamics and broader economic conditions.

Data Sources: FMR data from HUD (2027).

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.