Location: San Angelo, TX | Metro: San Angelo, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
U.S. Census Bureau data (2024)
The ZIP code 76934 presents a unique opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 1,471, only 4.8% are renters, indicating that this area is predominantly homeowner-dominated rather than a renter-heavy ZIP. This suggests that the demand for rental properties using housing vouchers is likely to be lower compared to areas with a higher percentage of renters.
The median household income in 76934 is $52,125. However, without specific market rent data, we cannot accurately calculate the percentage of local income that typical rent consumes. The Fair Market Rent (FMR) for the area is set at $1030 per month for FY 2024, which provides a benchmark for understanding the affordability of rentals in this ZIP code.
To contextualize the FMR against the median income, we can infer that if a household spends approximately 30% of their income on housing, as recommended by the Department of Housing and Urban Development (HUD), then the maximum rent a household could afford would be around $1,303 per month. This means that the FMR of $1030 is below the HUD-recommended affordability threshold, making it relatively accessible for low-income households.
Landlords in ZIP 76934 should expect tenants who are likely to be part of the low-income bracket, as indicated by the FMR. These tenants will have a monthly income of around $52,125 divided among all members of the household. The typical Section 8 tenant in this area will be looking for affordable housing options that do not exceed the FMR, and landlords must ensure that their rental units meet the quality standards required by the program to attract these tenants.
In summary, ZIP 76934 is not heavily populated by renters, and thus, the competition for Section 8 vouchers might be less intense. Landlords should focus on providing quality, affordable housing options that align with the FMR to effectively cater to the expected tenant profile.
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.