Location: Limestone County, TX | Metro: College Station-Bryan, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
U.S. Census Bureau data (2024)
The ZIP code 76653 is situated in a suburban neighborhood characterized by a relatively small population of 1,067 residents. The area has a modest rental market, with only 13.6% of the population being renters. This suggests that the majority of the residents own their homes, which have a median value of $212,882. The median household income in the area stands at $48,500, indicating a middle-class community.
From an investment perspective, the Fair Market Rent (FMR) for ZIP 76653 in fiscal year 2024 is set at $1,290. While specific market rent figures are currently unavailable, the FMR provides a benchmark for rental rates in the area. Given the low percentage of renters and the absence of detailed market rent data, it's reasonable to infer that the rental market is limited, which could affect the demand for properties available through Section 8 housing vouchers.
Considering these factors, ZIP 76653 might be better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The limited rental market and the middle-income characteristics of the area suggest that there is less potential for aggressive property improvements to significantly increase rental income. Instead, focusing on maintaining properties to meet Section 8 standards and ensuring a steady stream of tenants through the voucher program would likely be more effective.
To summarize, the ZIP 76653 neighborhood offers a stable but modest investment opportunity for Section 8 landlords and small-portfolio investors. With a median income of $48,500 and a median home value of $212,882, the area reflects a middle-class demographic. The FMR of $1,290 indicates the rental rate for subsidized housing, while the lack of extensive market rent data points towards a niche rental market. Therefore, a hands-off approach, emphasizing compliance and maintenance, aligns well with the economic realities of the area.
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.