Location: Schleicher County, TX | Metro: Schleicher County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76936 is set at $970 for the fiscal year 2026. This figure represents the payment standard that landlords will receive from the government if they participate in the Section 8 program. It's important to note that this is not the amount tenants will pay in rent; it's the total rent that the Housing Authority will cover, which includes the tenant's portion and the subsidy.
In comparison, the average rent for the area, according to the Census American Community Survey (ACS), is $660. This means that the FMR of $970 is significantly higher than the local average, potentially offering a financial advantage to landlords who can meet the eligibility criteria for the Section 8 program.
The 15.8% renter share indicates that nearly 16 out of every 100 residents in ZIP 76936 are renters. This suggests a moderate demand for rental properties, particularly those that cater to lower-income families eligible for the Section 8 program. However, since the acquisition cost is listed as N/A, it's crucial to research the local real estate market to understand property values and the costs associated with purchasing a rental property in this area.
Before committing to a Section 8 rental property, landlords should verify that the property meets all the required standards set by the Housing Authority. This includes passing inspections for safety, habitability, and compliance with the Housing Quality Standards (HQS). Failure to meet these standards can result in disqualification from the program, regardless of the property's potential to generate income based on the FMR.
To summarize, participating in the Section 8 program in ZIP 76936 could be financially beneficial due to the higher FMR compared to the local average rent. The moderate renter share of 15.8% suggests a reasonable demand for rental units. However, landlords must ensure the property meets all necessary requirements to avoid complications and disqualification from the program.
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.