Section 8 Fair Market Rent (FMR) for ZIP 77235 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 77235, located in Texas, is a residential area that offers opportunities for real estate investment, particularly in the rental market. The Fair Market Rent (FMR) for the area has been established, providing a baseline for rental pricing, but other key metrics such as market rent, median home value, and median income are currently unavailable. This analysis will focus on the available data to provide insights for landlords and small-portfolio investors.

• The Fair Market Rent (FMR) for ZIP 77235 for fiscal year 2024 is set at $1330, which serves as a guideline for affordable housing programs and can influence rental rates.
• The percentage of renters in the area is unknown, making it difficult to assess the demand for rental properties specifically.
• The median home value in ZIP 77235 is not available, which means we cannot compare the typical property values to the rental market dynamics.
• The median income for residents in the area is also not provided, leaving us without critical information about the economic status of potential tenants.
• The Days on Market (DOM) statistic is not available, so we cannot determine how quickly properties are typically sold or rented in this area.

While the Fair Market Rent provides a useful benchmark for setting rental prices, the lack of specific data points such as market rent, median home value, and median income limits the ability to make detailed financial projections. Investors should consider conducting further research to understand local market conditions and tenant demographics better. Despite these gaps, the established FMR of $1330 suggests a stable base for rental pricing, which could be advantageous for landlords and small-portfolio investors looking to enter this 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.