Location: Concho County, TX | Metro: Concho County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
The ZIP code 76855 in Unknown, TX, lacks comprehensive demographic data, which includes specific population figures, the percentage of renters, and the median household income. This absence makes it challenging to provide a detailed analysis of the tenant pool based on typical metrics. However, the lack of data does not necessarily indicate a poor tenant pool; it could simply mean that the area is less densely populated or has limited reporting.
To assess the suitability of Section 8 tenants in this ZIP code, consider the connection between income levels and market rents. Though specific income figures are unavailable, the Fair Market Rent (FMR) for the metro area is set at $1,150 for fiscal year 2026. This figure represents the maximum amount that a Section 8 voucher can cover for a standard two-bedroom apartment. If the typical market rent in 76855 is lower than or close to this FMR, then Section 8 tenants would be a viable option for landlords.
The scarcity or abundance of rental properties and the depth of voucher demand cannot be quantified without additional data. However, if the area has a higher concentration of rental units, it likely indicates a strong demand for affordable housing, which could translate into a robust tenant pool for Section 8 vouchers. Conversely, if homeownership dominates the area, landlords might face fewer voucher-holding applicants.
A landlord in ZIP 76855 should prepare for a tenant profile that aligns closely with the Section 8 program's requirements. Tenants will have incomes below 50% of the area median income and will require the assistance of vouchers to afford housing. While the exact percentage of local income consumed by rent cannot be calculated without knowing the median household income, landlords can expect that their tenants will be carefully vetted by the Housing Authority to ensure they meet the eligibility criteria for the program.
In conclusion, despite the incomplete data, the potential for a successful Section 8 tenant pool exists if the market rents are aligned with the FMR. Landlords should be prepared to work with tenants who need financial assistance to secure housing and who will be subject to regular income reassessments by the Housing Authority.
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.