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 |
ZIP code 77259 falls within the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 77259 in fiscal year 2024 is set at $1330. This figure is key to understanding the rental dynamics in the area.
To contextualize this number, we must consider the typical characteristics of other ZIP codes within the same HUD Metro FMR Area. The Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area generally has a higher range of FMRs, which can vary significantly based on location and amenities. For instance, central Houston areas often see FMRs exceeding $1500, while suburban areas might have lower FMRs around $1200 or less.
The absence of market rent and home value data for ZIP 77259 limits our ability to make direct comparisons with other ZIP codes in the area. However, the provided FMR of $1330 suggests that 77259 could be positioned as a value pocket within the broader metro area, especially if it is located in a less central part of Houston where rents tend to be lower. Value pockets are typically characterized by below-average costs relative to the overall metro area, making them attractive for tenants seeking affordable housing options.
The lack of data on the percentage of renters also restricts a full analysis. In many cases, a high renter share coupled with below-average home values can indicate a favorable environment for landlords participating in the Section 8 program. While we cannot definitively state this for ZIP 77259 due to missing data, the low FMR of $1330 might suggest a concentration of rental properties that cater to lower-income households, a common profile for value pockets.
In summary, ZIP 77259 appears to be a value pocket within the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area, given its relatively low FMR compared to other parts of the city. This position could make it an appealing location for landlords interested in serving the needs of lower-income tenants through the Section 8 program. However, without additional data on market rent, home values, and the percentage of renters, a complete assessment remains challenging.
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.