Section 8 Fair Market Rent (FMR) for ZIP 76943 - 2027

Location: Val Verde County, TX | Metro: Crockett County, TX

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$820
1 Bedroom	$850
2 Bedrooms	$1,070
3 Bedrooms	$1,390
4 Bedrooms	$1,550
5 Bedrooms	$1,798
6 Bedrooms	$2,014
7 Bedrooms	$2,175
8 Bedrooms	$2,284

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,651

Median Household Income

$81,664

Housing Units

1,647

Renter Percentage

21.3%

Occupancy Rate

70.2%

Renter Occupied

246

A landlord considering purchasing a property in ZIP code 76943 for Section 8 purposes must follow a structured decision-making process based on the following criteria:

Does the Fair Market Rent (FMR) of $1,010 cover the debt service on a $114,066 property?
- Yes. The FMR of $1,010 is sufficient to cover the debt service on a property priced at $114,066. This means that rental income will meet the financial obligations associated with owning the property.
Is the market rent of $558 above, at, or below the FMR?
- Below. The market rent of $558 is less than the FMR of $1,010. This indicates that the property's market value is lower than what is considered fair by HUD standards. Landlords should be aware that they might not be able to charge the full FMR when renting to non-Section 8 tenants.
Are 21.3% of residents renters and do the days on the market (DOM) indicate enough demand?
- It depends. With 21.3% of residents being renters, there is a notable demand for rental properties in the area. However, the lack of data on days on the market (DOM) makes it challenging to assess the exact speed at which properties are rented out. This uncertainty can affect the predictability of rental income.

To summarize, if a landlord can secure a tenant paying the FMR of $1,010, the purchase of a property in ZIP 76943 would be financially viable. However, the lower market rent of $558 suggests that landlords may face challenges in maximizing their rental income beyond Section 8 tenants. The presence of 21.3% renters indicates potential demand, but without a clear understanding of the DOM, the certainty of demand remains ambiguous. Landlords should consider these factors carefully before making a decision.

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.