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 |
The ZIP code 77223 in Houston-The Woodlands-Sugar Land, TX, stands out due to limited available data, which presents both challenges and opportunities for real estate analysis. The specific details such as the number of residents, percentage of renters, median income, and median home value are currently not accessible, creating an environment where reliance on federal guidelines and local market insights becomes crucial.
Regarding voucher economics, the Fair Market Rent (FMR) for ZIP 77223 for fiscal year 2024 is set at $1330. This figure is essential for landlords and small-portfolio investors who wish to participate in the Section 8 program. While the exact market rent for the area is not specified, the FMR provides a benchmark that can be used to assess rental rates and potential participation in the program.
The lack of detailed data points to a transitional nature of the ZIP code. As areas develop and change, it's common for data collection to lag behind actual conditions. For investors and landlords, this means staying informed about local developments and trends. Engaging with local real estate agents and participating in community forums can provide valuable insights into the evolving landscape of ZIP 77223.
In summary, ZIP 77223 offers a unique scenario where federal guidelines play a significant role in decision-making due to the scarcity of local economic indicators. The FMR of $1330 for fiscal year 2024 should be considered when setting rental prices to align with Section 8 requirements. Given the incomplete data, the ZIP code appears to be in a transitional phase, making it a dynamic area for investment and management.
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.