Section 8 Fair Market Rent (FMR) for ZIP 77252 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 77252, located in Texas, is a region that offers unique opportunities for real estate investors, particularly those interested in Section 8 housing. The area is characterized by its affordable housing options and the presence of federal programs aimed at assisting low-income families.

• The Fair Market Rent (FMR) for ZIP 77252 for fiscal year 2024 is set at $1330. This figure represents the maximum amount that a Section 8 voucher holder can pay towards their rent, making it a critical benchmark for landlords who wish to participate in the program.
• The market rent for the area is currently N/A, indicating a lack of recent data on what non-subsidized properties are commanding in terms of rental rates. This absence of information makes it challenging to assess the potential premium or discount that Section 8 rents might offer.
• The median home value in ZIP 77252 is also listed as N/A, suggesting that there may be limited sales data available for the area, which could imply a smaller number of homes changing hands or a less active real estate market overall.
• The percentage of the population that is renters in ZIP 77252 is N/A. Without this statistic, it's difficult to gauge the demand for rental properties relative to owner-occupied homes.
• The Days on Market (DOM) for properties in ZIP 77252 is N/A. This metric would typically indicate how quickly properties are selling, but its absence suggests that either the data is not being regularly updated or the area has a relatively stable real estate market with fewer transactions.
• The median household income for ZIP 77252 is N/A. This missing information hinders the ability to fully understand the economic context of the area and the purchasing power of its residents.

Investors considering entering the ZIP 77252 market should focus on the established Fair Market Rent of $1330 as a reliable anchor for setting rental prices. Despite the lack of recent market data, the affordability of the area and the presence of Section 8 vouchers suggest a steady demand for rental properties. However, without additional data points such as median home values and income levels, it's advisable to conduct thorough local research to better inform investment decisions. Landlords can expect a consistent stream of tenants through the Section 8 program, but they must be prepared to navigate the bureaucratic aspects of participating in such a subsidized housing scheme.

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.