Location: San Saba County, TX | Metro: Lampasas County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76853 in fiscal year 2024 is set at $1320. This figure represents the payment standard for Section 8 housing assistance in your area, meaning that if you participate in the program, the government will pay up to this amount on behalf of eligible tenants. However, it's important to note that this does not represent the total rent you can charge; it's the maximum subsidy amount.
To put this into perspective, the average rent for properties in ZIP 76853 is currently around $700, according to recent Census American Community Survey data. This indicates that the FMR is significantly higher than the local average, which could make Section 8 a lucrative option for landlords willing to accept the subsidy.
With 14.9% of the population being renters, there is a steady demand for affordable housing options. The FMR being higher than the typical rent suggests that there may be opportunities to attract tenants who are looking for better quality or larger units than what is typically available at the local market rate.
If you're considering acquiring a property for a Section 8 rental, the median home value in the area is approximately $304,936. This gives you an idea of the acquisition cost for a typical home, which you should factor into your investment calculations.
Before you proceed, it's crucial to verify that the property meets all the required standards for Section 8 participation. This includes ensuring the unit is safe, decent, and sanitary, and that it complies with the Housing Quality Standards (HQS) established by the Department of Housing and Urban Development (HUD).
In summary, participating in Section 8 in ZIP 76853 can provide a reliable income stream, given the higher FMR compared to the local average rent. With a significant portion of the population renting, there is demand for affordable housing, making this a viable option for landlords. Just ensure your property meets the necessary standards to avoid any issues down the line.
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.