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 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76862 in the fiscal year 2026 is set at $1,150. This figure represents the payment standard for Section 8 housing vouchers in the area, meaning it's the maximum amount the government will pay toward your tenant's rent. However, it's important to note that this is not the actual rent you can charge; rather, it's the ceiling on the government subsidy.
In ZIP 76862, the local median rent is currently listed as N/A, which suggests that there isn't enough data to provide an accurate comparison to the FMR. Nonetheless, the 5.4% renter share indicates that about 5.4% of the population in this area relies on rental housing, showing a steady but not overwhelming demand for rentals. This percentage can help you gauge the potential market for Section 8 tenants.
Regarding the acquisition cost of a property, the average price is also listed as N/A. This implies that there might be limited data available on recent property sales in the area, making it challenging to predict how much you might spend on purchasing a rental property.
To ensure success with a Section 8 rental in ZIP 76862, verify that the property meets all HUD standards for health and safety before proceeding. This includes passing an inspection to confirm that the unit is up to code and ready for occupancy, which is a requirement for landlords participating in the Section 8 program.
In summary, while the FMR provides a clear benchmark for government subsidies at $1,150, the lack of specific local rent and property price data means you'll need to do additional research to understand the local rental market. Ensuring your property meets HUD standards is critical for acceptance into the program.
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.