Section 8 Fair Market Rent (FMR) for ZIP 77091 - 2027

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

Investment Score for ZIP 77091

Monthly Rent (2BR)

$1,190

Median Price (2BR)

$130,961

1% Rule

0.91%

Annual Yield

10.9%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$980
1 Bedroom	$1,000
2 Bedrooms	$1,190
3 Bedrooms	$1,600
4 Bedrooms	$1,990
5 Bedrooms	$2,308
6 Bedrooms	$2,585
7 Bedrooms	$2,792
8 Bedrooms	$2,932

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,000	$125,651	0.8%	D
2BR	$1,190	$130,961	0.91%	C
3BR	$1,600	$283,429	0.56%	F
4BR	$1,990	$317,774	0.63%	D
5BR	$2,308	$410,562	0.56%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

28,728

Median Household Income

$35,432

Housing Units

12,563

Renter Percentage

64.6%

Occupancy Rate

89.2%

Renter Occupied

7,243

The ZIP code 77091 is located in Houston, Texas, and is characterized by a diverse mix of residential areas that cater to a wide range of tenants. This section of Houston offers a blend of urban convenience and suburban comfort, making it an attractive location for both renters and homeowners.

The Fair Market Rent (FMR) for a one-bedroom apartment in ZIP 77091 for fiscal year 2024 is set at $1050, which represents the maximum amount that a low-income family participating in the Section 8 housing choice voucher program can pay towards rent.
The actual market rent for a two-bedroom apartment in this area, known as the Zillow Rent Index (ZORI), stands at $1,771, indicating a significant gap between subsidized and market rates.
The median home value in ZIP 77091 is $268,848, reflecting the overall affordability of the neighborhood compared to other parts of Houston.
Renters make up 64.6% of the population in this ZIP code, underscoring the high demand for rental properties over homeownership.
The median income in the area is $35,432, which suggests that many residents rely on government assistance programs such as Section 8 to afford housing.

Given these data points, landlords and small-portfolio investors should consider the potential benefits of operating in ZIP 77091. The disparity between the Fair Market Rent and the Zillow Rent Index highlights opportunities for landlords to participate in the Section 8 program while still maintaining competitive market rents. With a median home value below the city average and a high percentage of renters, there is a strong indication that rental properties will continue to be in demand. However, the relatively low median income means that a significant portion of tenants will require vouchers, necessitating a focus on properties that qualify for Section 8 subsidies.

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.