Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,900 | $238,964 | 0.8% | D |
| 2BR | $2,250 | $387,332 | 0.58% | F |
| 3BR | $3,030 | $698,433 | 0.43% | F |
| 4BR | $3,760 | $2,013,715 | 0.19% | F |
| 5BR | $4,362 | $5,417,307 | 0.08% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $2040 for ZIP 77019 in Houston, TX, for fiscal year 2024, landlords can expect to align their rental pricing with HUD guidelines. The actual market rent, known as ZORI, stands at $1,861, indicating a competitive rate slightly below the FMR. Given the median home value of $695,466, it's clear that homeownership in this area comes at a premium, which explains why 62.4% of residents are renters. This high renter share suggests a robust demand for rental properties. However, the median income of $116,423 may limit the pool of potential tenants who qualify for Section 8 vouchers. Despite this, the Days on Market (DOM) average of 36 days shows that properties are quickly rented out, suggesting strong tenant interest. Furthermore, the low price-cut share of 0.2% indicates that landlords are generally setting realistic prices, reducing the need for discounts. In conclusion, while the income levels suggest caution, the strong rental demand and quick turnover make ZIP 77019 a viable option for Section 8 participation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.