Location: Young County, TX | Metro: Stephens County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76491 in fiscal year 2026 is set at $990. This figure represents the maximum amount that a landlord can receive through the Section 8 program for a unit in this area. It's important to note that this is the payment standard and does not necessarily reflect the actual rent you will charge your tenants.
In comparison, the average rent for the same ZIP code, according to Census ACS data, is $842. This indicates that the Section 8 payment standard is higher than the typical market rate, which could be beneficial for landlords looking to cover operating costs and maintain profitability.
The 27.2% share of renters in the area suggests a steady demand for rental properties, including those that accept Section 8 vouchers. With nearly a quarter of residents being renters, there is a substantial pool of potential tenants who might benefit from the Section 8 program.
Regarding the acquisition cost, it is listed as N/A, which means that specific data is not available. However, this does not impact the decision to participate in Section 8 directly, as the focus should be on the ongoing operational costs and the payment standard rather than the initial purchase price.
Before committing to a Section 8 rental property in ZIP 76491, ensure that your property meets all the necessary housing quality standards set by the program. These standards, known as Housing Quality Standards (HQS), are designed to ensure that rental units are safe, decent, and sanitary for tenants. Verifying compliance with these standards is crucial to avoid delays in the voucher process and to prevent any legal issues that could arise from non-compliance.
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.