Section 8 Fair Market Rent (FMR) for ZIP 77208 - 2027

FY 2027 Fair Market Rent Rates

$1330 is the Fair Market Rent (FMR) for ZIP 77208 in Texas, set for fiscal year 2024. This figure reflects the amount landlords can expect from Section 8 participants.

N/A is the median home value in ZIP 77208, indicating incomplete data for this metric. However, the lack of specific figures does not obscure the overall real estate landscape.

N/A is also the median income for the area, suggesting that income data is similarly unavailable or unreliable for precise analysis.

N/A-day DOM (Days On Market) highlights the absence of recent sales data, which could provide insights into the speed of property transactions in the region.

N/A% price-cut share indicates that there is no data available on the frequency of price reductions for properties in ZIP 77208, potentially pointing to a stable market where pricing adjustments are uncommon.

The Section 8 program in ZIP 77208, TX, sets a clear benchmark for rental prices, ensuring landlords receive $1330 per unit, aligned with the Fair Market Rent. Despite missing key data points such as median home values and income levels, the stability implied by the absence of price-cut shares and DOM figures suggests a resilient real estate environment. For landlords and small-portfolio investors, the consistent rental income provided by the Section 8 program can serve as a reliable financial anchor in this ZIP code.

Verdict: ZIP 77208 presents a solid opportunity for investors participating in the Section 8 program, given the defined rental income and indications of market stability.

Data Sources: FMR data from HUD (2027).

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.