Location: Brown County, TX | Metro: Brown County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
The ZIP code 76803, located in an area designated as Unknown, TX, presents unique challenges and opportunities for both renters and landlords. Given the lack of specific data on median income and market rent rates, it's essential to rely on the available figures to make informed decisions.
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,080. This figure represents the voucher payment standard for housing assistance in the region. Without precise data on the local median income, it's difficult to assess whether a typical household can afford the market rate rent. However, if we assume the market rate is close to the FMR, then households receiving vouchers would find the area affordable.
The percentage of renters and the total population in ZIP 76803 are also unspecified, which complicates a detailed analysis of the rental market dynamics. Nonetheless, the affordability gap between the FMR and potential median income levels could indicate significant competition among landlords for tenants who can pay market rates without relying on vouchers.
For landlords considering their strategy in ZIP 76803, the takeaway is clear. Accepting voucher payments at the $1,080 FMR level ensures a steady stream of income from government-backed sources, though it may limit the pool of potential tenants to those who qualify for assistance. On the other hand, focusing on cash-paying tenants might yield higher rents but will depend heavily on the actual median income of the area and the willingness of renters to pay above the FMR. Landlords must weigh these factors carefully to decide which strategy aligns best with their investment goals and risk tolerance.
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.