Location: Abilene, TX | Metro: Abilene, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The analysis of ZIP 76469 within the Abilene, TX MSA reveals several critical points for potential landlords and small-portfolio investors.
First, regarding the rent math, the Fair Market Rent (FMR) for ZIP 76469 in fiscal year 2024 is set at $910. However, the lack of available market rent data makes it impossible to directly compare these figures. This absence suggests that either market rent data is not widely tracked or reported in this area, or there might be significant volatility that affects comparability.
Second, the acquisition cost appears challenging due to the absence of specific data on the median home value, days on market (DOM), and the percentage of homes that require price cuts. Without these metrics, it's difficult to assess whether properties can be acquired at a price that aligns with the FMR and provides a reasonable profit margin. This lack of transparency could indicate a less active market or a need for further localized research.
Lastly, tenant demand in ZIP 76469 is questionable. The zip code has a total population of 9, with an indicated 0.0% renter share. These figures suggest a very low number of potential tenants, making it unfeasible to find renters willing to pay the FMR of $910. Given such a small population and the virtually non-existent renter share, it is unlikely that there would be sufficient demand to sustain a rental property.
Verdict: Based on the available data, ZIP 76469 does not present a viable opportunity for landlords or small-portfolio investors. The rent math cannot be fully evaluated due to missing market rent data. Acquisition costs are uncertain without specific metrics on home values and market activity. Most critically, the extremely low population and non-existent renter share make tenant demand practically nonexistent. Investors should consider other zip codes with more robust data and higher renter shares to ensure a sustainable investment.
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.