Section 8 Fair Market Rent (FMR) for ZIP 77010 - 2027

Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,850
1 Bedroom	$1,900
2 Bedrooms	$2,250
3 Bedrooms	$3,030
4 Bedrooms	$3,760
5 Bedrooms	$4,362
6 Bedrooms	$4,885
7 Bedrooms	$5,276
8 Bedrooms	$5,540

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

718

Median Household Income

$189,315

Housing Units

707

Renter Percentage

100.0%

Occupancy Rate

59.0%

Renter Occupied

417

The ZIP code 77010, located in Houston, Texas, is a bustling urban neighborhood with a high concentration of renters and a significant presence of Section 8 housing. This area is characterized by its diverse population and robust job market, which contributes to a steady demand for rental properties.

The Fair Market Rent (FMR) for ZIP 77010 in fiscal year 2024 is set at $2040 per month, providing a benchmark for affordable housing units.
The market rent, as measured by the Zillow Observed Rent Index (ZORI), stands at $3,818, indicating that the average rent in the area is significantly higher than the FMR, suggesting strong rental demand.
A notable 100.0% of residents in ZIP 77010 are renters, underscoring the critical role of rental properties in this community.
The median household income in the area is $189,315, which is above the national average, supporting a higher willingness to pay for quality rentals.
While the median home value is not available, the lack of homeowner equity suggests that the majority of investment opportunities will be in rental properties.
The Days on Market (DOM) figure is also not applicable here, likely due to the high turnover rate of rental listings rather than sales listings.

The combination of a 100% renter share and a median income exceeding $189,315 presents a compelling opportunity for landlords and small-portfolio investors in ZIP 77010. The substantial gap between the Fair Market Rent ($2040) and the actual market rent ($3,818) indicates a favorable environment for those willing to manage Section 8 properties, as they can potentially secure tenants quickly while still achieving rents closer to the market average. Investors should focus on improving and maintaining property quality to attract both Section 8 tenants and higher-paying market-rate renters, leveraging the strong demand in this vibrant part of Houston.

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.