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 | $1,640 |
| 1 Bedroom | $1,680 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,680 |
| 4 Bedrooms | $3,330 |
| 5 Bedrooms | $3,863 |
| 6 Bedrooms | $4,327 |
| 7 Bedrooms | $4,673 |
| 8 Bedrooms | $4,907 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,990 | $368,539 | 0.54% | F |
| 3BR | $2,680 | $345,405 | 0.78% | D |
| 4BR | $3,330 | $451,806 | 0.74% | D |
| 5BR | $3,863 | $618,938 | 0.62% | D |
U.S. Census Bureau data (2024)
1960 is the Fair Market Rent (FMR) for ZIP code 77059 in Houston, TX, for fiscal year 2024, according to HUD standards. 1815 is the average market rent reported by the Census Bureau's American Community Survey, indicating that properties meeting the FMR criteria are priced slightly above the local average. The median home value in this area stands at 448993, suggesting a moderate housing market where investment properties can command reasonable prices. Only 5.8% of residents are renters, which means that while demand exists, it may be less competitive compared to other areas with higher renter populations. The median income in ZIP 77059 is 161944, providing a strong economic foundation for potential tenants to afford higher rents. Properties typically spend 38 days on the market before securing a tenant, reflecting a balanced rental environment. A mere 0.2% of listings require price cuts, indicating that landlords who set their rents close to the FMR can expect steady occupancy without frequent adjustments. In conclusion, the Section 8 program offers a stable income source for landlords in ZIP 77059, with the FMR being slightly above the local market average, ensuring that rents remain competitive while providing reliable cash flow.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.