Location: San Angelo, TX | Metro: San Angelo, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 76957 are renters, indicating a predominantly owner-occupied market. This statistic is crucial for landlords considering investment in this area, as it suggests limited demand for rental properties. Despite the lack of data on market rent, median home value, and median income, the $1270 Fair Market Rent (FMR) for the fiscal year 2024 provides a benchmark for rental pricing in federally assisted housing programs.
The absence of data on days on market (DOM) and the percentage of price-cut shares implies a stable market with little fluctuation. Landlords should note that the $1270 FMR is likely to be the ceiling for rents in federally subsidized units, which could affect the profitability of their investments if they rely on such tenants.
Investors looking at small portfolios might find the lack of detailed market data challenging but should focus on the $1270 FMR as a guide. The low renter share of 0.0% suggests that finding tenants through traditional means might be difficult, and reliance on Section 8 vouchers could be necessary for occupancy.
In conclusion, the ZIP code 76957 presents a unique challenge for landlords and small-portfolio investors due to its extremely low renter share. The $1270 FMR offers a clear guideline for rental pricing in federally assisted housing, but the overall environment may not favor high returns on rental investments without a significant portion of Section 8 tenants. Verdict: Suitable only for those willing to participate in the Section 8 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.