Location: San Angelo, TX | Metro: San Angelo, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
ZIP code 76958, located within the San Angelo, TX MSA, stands out for several reasons when compared against typical ZIP codes in the same metropolitan area. The most notable figure is the Fair Market Rent (FMR) of $1140 for the fiscal year 2024. This FMR is a critical benchmark used by the U.S. Department of Housing and Urban Development (HUD) to determine eligibility for housing assistance programs such as Section 8.
In contrast to the typical ZIP codes within the San Angelo, TX MSA, where specific market rent and home value figures are not provided, we can infer that ZIP 76958's FMR of $1140 suggests it may be on the lower end of the rental spectrum. This is often indicative of a value pocket within a larger metro area, where rents are more affordable relative to other parts of the city or region.
The absence of market rent and home value data for ZIP 76958 makes direct comparisons challenging, but we can still draw some conclusions based on the available information. A 0.0% renter share is highly unusual and implies that there might be very few renters in this ZIP code, which could mean it is primarily composed of homeowners or has a significant portion of non-rental properties such as vacation homes or seasonal rentals.
This low renter share contrasts sharply with what would typically be expected in a Section 8 sweet spot, where a higher percentage of renters often indicates a greater concentration of affordable housing options. However, given the FMR alone, ZIP 76958 appears to be a value pocket within the San Angelo, TX MSA, offering relatively lower rents compared to the broader metro area.
Landlords and small-portfolio investors should consider the potential demand for rental units in ZIP 76958. While the low renter share might suggest limited immediate demand, the affordability indicated by the FMR could attract tenants seeking lower-cost housing options. It is advisable to conduct further research into local demographics and rental trends to make informed investment decisions.
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.