Section 8 Fair Market Rent (FMR) for ZIP 76937 - 2027

Location: Concho County, TX | Metro: San Angelo, TX MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,230
1 Bedroom	$1,310
2 Bedrooms	$1,710
3 Bedrooms	$2,260
4 Bedrooms	$2,560
5 Bedrooms	$2,970
6 Bedrooms	$3,326
7 Bedrooms	$3,592
8 Bedrooms	$3,772

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

280

Median Household Income

$110,871

Housing Units

Renter Percentage

19.8%

Occupancy Rate

100.0%

Renter Occupied

The zip code 76937, located in Texas, is a suburban area with a strong rental market potential. Despite the lack of comprehensive market rent data, the Fair Market Rent (FMR) and the percentage of renters provide a solid foundation for understanding the local housing dynamics.

The Fair Market Rent for a two-bedroom apartment in zip code 76937 for fiscal year 2024 is set at $1150, offering a benchmark for rental pricing in the area.
Renters make up 19.8% of the population, indicating a significant demand for rental properties despite the absence of detailed market rent figures.
The median household income in the area is $110,871, suggesting that residents have a higher-than-average ability to pay rent, which could support higher rental rates.
While the median home value is not available, the high median income implies that homeownership is likely prevalent among those who can afford it, further emphasizing the importance of the rental market for those who cannot.
The Days on Market (DOM) data is also unavailable, but given the high median income and strong rental demand, it's reasonable to assume that rental properties are occupied quickly once they become available.
The lack of specific market rent data makes it challenging to compare actual rents against the FMR, but the FMR serves as a minimum threshold for rental prices in the area.

For investors, the high median income and substantial renter share indicate a robust rental market in zip code 76937. The Fair Market Rent provides a reliable floor for rental pricing, ensuring a competitive position for rental properties. The scarcity of market-specific data points highlights the need for thorough local research to capture the full picture of rental trends and property values. Overall, the area presents a favorable environment for rental investments, particularly for properties priced at or above the FMR levels.

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.