Location: San Angelo, TX | Metro: San Angelo, TX MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,900 | $222,683 | 0.85% | C |
| 4BR | $2,160 | $328,554 | 0.66% | D |
U.S. Census Bureau data (2024)
The ZIP code 76901 presents an interesting scenario for both renters and landlords. The median income in this area stands at $69,450. Considering the market rate for rent, which is set at $1,431 (ZORI), it becomes evident that the financial burden on households is significant. This figure represents a substantial portion of the average household's income, making it challenging for many residents to afford market-rate rentals.
In contrast, the Housing Choice Voucher program offers a more affordable option. The Fair Market Rent (FMR) for ZIP 76901 in fiscal year 2024 is $1,200. This amount is considerably lower than the ZORI and is likely to be more manageable for a larger portion of the renting population. Given that 29.0% of the population in this ZIP code are renters, and the total population is 31,831, the affordability gap between the ZORI and the FMR is a critical factor in the rental market dynamics.
This disparity means that landlords in ZIP 76901 face stiff competition when setting rents above the FMR. Many potential tenants will find it more attractive to seek out properties that accept vouchers due to the lower cost. Consequently, landlords must carefully consider their pricing strategy to remain competitive and fill vacancies.
The takeaway for landlords is clear: accepting vouchers can be a strategic advantage in a market where affordability is a concern. By aligning with the FMR, landlords can attract a broader range of tenants, ensuring that their units are occupied and generating steady income. However, those who prefer to target higher-income renters willing to pay the ZORI should be prepared for a more challenging leasing process and potentially longer vacancy periods.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.