Location: Crockett County, TX | Metro: San Angelo, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
The market in ZIP code 76930 presents a unique scenario, particularly when considering the rental dynamics under Section 8. The Fair Market Rent (FMR) for the area is set at $1210 for fiscal year 2024, which serves as a benchmark for rental prices that are considered fair and reasonable for the locality. However, the absence of current market rent data suggests that there might be limited active rental listings or a lack of comprehensive data on recent rental transactions.
The fact that the renter share stands at 0.0% is indicative of a predominantly owner-occupied market. This could imply several things: first, it indicates a strong preference among residents for homeownership over renting, which can reduce immediate demand pressures in the rental market. Second, it suggests that the rental market is relatively small and possibly less competitive compared to areas with higher renter shares. This low renter share also means that any increase in rental demand could lead to significant upward pressure on rents, given the limited supply of rental units.
Despite the lack of specific data on price-cut share and days on market (DOM), the overall snapshot suggests that the rental market in ZIP 76930 is stable but potentially constrained by the limited number of rental properties available. Landlords and small-portfolio investors should take note of the FMR figure as a guideline for setting their own rental rates, ensuring they remain competitive while adhering to government standards.
The median home value being listed as N/A implies that either there is insufficient data on home sales in the area or that the focus of the analysis is primarily on the rental sector. In a market where homeownership is prevalent, the dynamics of property values can still influence the rental market indirectly, through factors such as mortgage costs and property taxes.
In conclusion, ZIP 76930 appears to be a market where demand for rentals is currently lower than the supply, due to a high preference for homeownership. This situation can change rapidly if there is an influx of renters, making it crucial for investors to monitor local trends closely. The stability indicated by the FMR can provide a foundation for investment decisions, but the potential for increased rental demand highlights the need for flexibility and adaptability in managing rental properties.
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.