Location: San Angelo, TX | Metro: San Angelo, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,080 |
| 5 Bedrooms | $2,413 |
| 6 Bedrooms | $2,703 |
| 7 Bedrooms | $2,919 |
| 8 Bedrooms | $3,065 |
U.S. Census Bureau data (2024)
The ZIP code 76909 presents an interesting scenario for both renters and landlords. The median income data for this area is currently unavailable, which makes it challenging to assess the overall financial stability of the households. However, with the market rate also listed as N/A, it becomes evident that there is a significant lack of specific economic data to provide a precise comparison.
Despite these gaps in information, we can still evaluate the situation based on the Fair Market Rent (FMR) standards set by the government. For fiscal year 2024, the voucher payment standard for this ZIP code is set at $1150. This figure represents the maximum amount that the Housing Choice Voucher Program, commonly known as Section 8, will pay towards rent for eligible families. It's important to note that this amount is adjusted annually and reflects the local rental market conditions.
With approximately 405 residents and a percentage of renters noted as N/A, it's crucial for landlords to understand the potential affordability gap this could create. If the actual market rate exceeds the FMR of $1150, then tenants relying on Section 8 vouchers might struggle to find suitable housing without additional contributions. This scenario could lead to increased competition among landlords who accept vouchers, as they vie for the limited number of tenants able to cover any shortfall beyond the voucher amount.
The takeaway for landlords considering whether to adopt a voucher versus cash-pay strategy is clear. Accepting Section 8 vouchers can ensure a steady stream of rent payments but may limit the pool of potential tenants to those whose combined voucher and tenant contribution equals or falls below the $1150 FMR. Landlords opting for cash-pay tenants might attract a wider range of renters willing to pay above the voucher rate, but this strategy carries the risk of higher vacancy rates if the market rate significantly outstrips the FMR. In either case, understanding the local rental dynamics and tenant preferences is key to making informed decisions.
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.