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 | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
1330 is the Fair Market Rent (FMR) for ZIP code 77218 in fiscal year 2024, indicating the maximum amount Section 8 vouchers can cover for a two-bedroom apartment. This figure stands alone as the only concrete data point available, suggesting a lack of comprehensive market analysis for this area. Despite the absence of detailed metrics such as median home value, median income, days on market (DOM), and percentage of price-cut share, the FMR provides a critical benchmark for rental pricing strategies. Landlords and small-portfolio investors should ensure their rental rates align closely with this threshold to remain competitive and attractive to voucher holders. The Fair Market Rent serves as a pivotal guideline, helping to maintain a balance between profitability and accessibility. Given the scarcity of additional data points, caution is advised when making investment decisions in ZIP 77218. However, the presence of Section 8 vouchers can offer a stable tenant base, mitigating risks associated with market volatility. For those willing to navigate the uncertainties, setting rents at or slightly below the 1330 FMR could attract reliable tenants. In conclusion, while the data is limited, the 1330 FMR suggests a viable opportunity for landlords focused on the Section 8 housing market.
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.