Location: San Angelo, TX | Metro: San Angelo, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,440 |
| 5 Bedrooms | $2,830 |
| 6 Bedrooms | $3,170 |
| 7 Bedrooms | $3,424 |
| 8 Bedrooms | $3,595 |
U.S. Census Bureau data (2024)
1200 - The Fair Market Rent (FMR) for ZIP 76908 in fiscal year 2024 is set at $1200 for a two-bedroom unit, indicating the maximum amount Section 8 participants can be expected to pay.
N/A - Market rent data for ZIP 76908 is not available, which means landlords must rely on FMRs for setting reasonable rental prices.
N/A - Median home values in ZIP 76908 are also not specified, suggesting that the area might have limited data for traditional home investments.
N/A - The renter share of the population in ZIP 76908 is not provided, making it difficult to assess the overall demand for rental properties.
N/A - Median income figures for ZIP 76908 are not available, but this does not impact the determination of FMRs, which are based on rental market conditions.
N/A - Days on Market (DOM) and price-cut share percentages are not specified, which could indicate stable pricing dynamics or a lack of recent transaction data.
The absence of detailed market-specific data complicates a comprehensive analysis, but the $1200 FMR offers a clear benchmark for landlords considering Section 8 participation. This figure represents the maximum subsidy allowable for a two-bedroom apartment, ensuring that rents remain within reach for low-income families. Given the limited availability of other metrics such as median home values and median income, landlords should focus on the FMR as a reliable indicator of rental affordability. The stability implied by the lack of DOM and price-cut share data suggests that the rental market in ZIP 76908 is steady, potentially offering consistent returns for those willing to accept Section 8 tenants. However, the decision to participate in Section 8 should be made cautiously, taking into account the administrative requirements and potential challenges associated with the program.
Verdict: ZIP 76908 is suitable for Section 8 investments, given the clear $1200 FMR guideline, though landlords should proceed with caution due to the limited availability of additional market data.
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.