Section 8 Fair Market Rent (FMR) for ZIP 76629 - 2027

Location: Falls County, TX | Metro: College Station-Bryan, TX MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$930
1 Bedroom	$980
2 Bedrooms	$1,070
3 Bedrooms	$1,490
4 Bedrooms	$1,740
5 Bedrooms	$2,018
6 Bedrooms	$2,260
7 Bedrooms	$2,441
8 Bedrooms	$2,563

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,053

Median Household Income

$72,262

Housing Units

1,142

Renter Percentage

26.9%

Occupancy Rate

74.4%

Renter Occupied

229

The ZIP code 76629 profiles as a moderate renter-heavy area with significant potential for Section 8 tenants. With a population of 2,053, 26.9% of residents are renters, indicating a substantial portion of the community relies on rental housing. The median household income stands at $72,262, which places it in a middle-income bracket for the region.

The typical market rent in this area is $935 per month, which consumes approximately 12.7% of the median household income. This calculation is derived from dividing the monthly rent by the annual median income and multiplying by 12 months. Given that the Fair Market Rent (FMR) for FY 2024 is set at $930, the market rent is closely aligned with government standards, suggesting that rents are reasonable and likely to attract both voucher holders and non-voucher tenants.

To further analyze the depth of voucher demand, consider the following points:

Renter Percentage: At 26.9%, the renter population is significant but not overwhelming. This suggests a mix of homeowners and renters, with a notable presence of those who might qualify for assistance programs.
Income Levels: With a median income of $72,262, the majority of residents could afford the $935 market rent without assistance. However, the lower end of the income spectrum would heavily rely on vouchers to meet their housing needs.
FMR Comparison: The FMR of $930 aligns well with the market rent, making it easier for voucher holders to find suitable housing within their budget.

A landlord in ZIP 76629 can expect a diverse tenant pool. Many tenants will be working individuals or families seeking affordable housing options. A portion of these tenants will utilize Section 8 vouchers, particularly those with incomes closer to the poverty line or slightly above. Others will pay market rent without assistance, providing a balanced mix of tenants and reducing reliance solely on voucher programs.

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.