Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,450 |
| 5 Bedrooms | $2,842 |
| 6 Bedrooms | $3,183 |
| 7 Bedrooms | $3,438 |
| 8 Bedrooms | $3,610 |
U.S. Census Bureau data (2024)
ZIP code 77204 is a prime location for landlords seeking Section 8 tenants. With a population of 4,579, the area has a significant number of renters, though the exact percentage is not available. The median household income is also unspecified, making it challenging to provide precise income-based analysis.
Despite the lack of detailed income data, the presence of a substantial tenant pool indicates strong demand for rental properties. This demand often correlates with a high usage of housing vouchers, including Section 8 vouchers, which can be beneficial for landlords looking to secure long-term tenancy.
The market rent in 77204 is not specified, but when compared to the Fair Market Rent (FMR) of $1330 for FY 2024, landlords should adjust their expectations accordingly. FMR serves as a benchmark for assessing the affordability of rental units. If the actual market rent exceeds this figure, it could indicate that the area is experiencing higher-than-average rental costs, which might be unsustainable for voucher holders.
To determine how much of the local income is eaten up by rent, specific figures would be required. However, given the FMR, we can infer that if the market rent aligns closely with the FMR, then it represents a reasonable portion of potential income for tenants. In areas with higher rents, the proportion of income spent on housing can become burdensome, leading to financial stress for tenants.
A landlord in ZIP 77204 should expect a tenant profile that heavily relies on housing assistance programs such as Section 8. These tenants will likely have a stable source of income through government subsidies, ensuring consistent rent payments. It's important to note that the management of Section 8 properties requires compliance with federal regulations, which can include regular inspections and maintenance standards.
In conclusion, while specific income and market rent figures are missing, the high tenant demand suggests a robust Section 8 market. Landlords must ensure their properties meet the necessary requirements to participate in the program effectively. This ZIP code offers an opportunity for landlords to serve a community in need of affordable housing solutions.
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.