Location: Menard County, TX | Metro: Kimble County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76859 in fiscal year 2026 is set at $970. This figure represents the payment standard for Section 8 housing vouchers in the area, meaning that if a landlord participates in the program, they will receive up to $970 per month from the government to cover part of the tenant's rent. It does not dictate the rent you charge; rather, it's the maximum amount the government will pay.
To put this into perspective, the average rent for ZIP 76859 is currently $673, according to the latest Census American Community Survey (ACS) data. This suggests that participating in Section 8 can offer landlords a slightly higher income than the typical market rate, but it's important to note that this doesn't account for vacancy rates or maintenance costs.
The demand for rental properties in this area is substantial, with 13.7% of residents identified as renters. This indicates a consistent need for affordable housing options, which can be met through Section 8 participation. However, the acquisition cost for a property in this ZIP code is around $169,321, which is the median home value based on recent data. This cost needs to be balanced against the potential income and long-term stability offered by Section 8 tenants.
Before deciding to participate in the Section 8 program, landlords should verify that their property meets the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe and habitable, and failing to meet them can result in disqualification from the program. Ensuring your property complies with these requirements is essential for securing a Section 8 tenant and receiving the monthly voucher payments.
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.