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 77222 in fiscal year 2024, indicating the maximum amount that Section 8 vouchers can cover for a two-bedroom apartment in this area. Despite the N/A placeholder for market rent, which suggests incomplete data, the FMR stands as a reliable benchmark for rental pricing. The lack of specific figures for the median home value means that direct comparisons between homeownership and rental costs cannot be made easily, but it does not detract from the utility of the FMR for rental properties. With the renter share also marked as N/A, it's unclear what percentage of residents in ZIP 77222 are renters, though the presence of a defined FMR implies a significant enough rental market to warrant HUD attention. The median income figure being N/A complicates understanding the financial health of potential tenants, but it does not diminish the importance of aligning rents with the FMR to ensure compliance and attract voucher holders. A N/A-day Days on Market (DOM) indicates that there is no standard measure for how long properties typically remain unsold or unrented before closing, which could suggest either a very active or inactive market, depending on the underlying cause of this data gap. The price-cut share at N/A% suggests that landlords might not frequently need to reduce rents to attract tenants, given the alignment with the FMR. However, without concrete numbers, it's challenging to make definitive statements about the competitive landscape. In conclusion, for ZIP 77222, setting rents at or below $1330 for a two-bedroom unit will ensure compliance with Section 8 standards and maximize the pool of eligible tenants.
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.