Location: San Angelo, TX | Metro: San Angelo, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
The ZIP code 76939, located within the San Angelo, TX MSA metro, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the San Angelo area in fiscal year 2024 is set at $1160 for a one-bedroom unit. This figure aligns closely with the market rent data available for ZIP 76939, which is listed at $1,121 per month for a one-bedroom unit. Given that the FMR is slightly higher than the market rent, landlords participating in the Section 8 program can expect a stable, if modest, positive spread of around $39 per month.
This spread ensures a predictable and consistent cash flow, which is essential for managing rental properties. Although the data does not provide specifics on median home values or median income, the close alignment between FMR and market rents suggests a stable local economy where rental demand is steady. In such an environment, landlords can rely on a regular stream of income without the need for frequent adjustments to their rental pricing strategies.
While appreciation plays and diversifiers offer potential for growth and income stabilization through varied investments, the ZIP 76939 area is best suited as a cash-flow anchor due to the reliable income it provides. Landlords should focus on maintaining properties and ensuring compliance with Section 8 requirements to maximize long-term benefits and avoid unnecessary disruptions to their cash flow.
Data Sources: FMR data from HUD (2027).
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.