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 FMR (Fair Market Rent) for ZIP 77290 is set at $1330 for FY 2024, indicating the baseline rental cost for the area.
The lack of specific market rent data suggests that there might be limited publicly available information on the average rental costs in ZIP 77290, making it important to consult local real estate agents for accurate figures.
Absence of median home value data implies that either the data is not updated or the area has a diverse range of home values that don't provide a clear median figure.
With no reported renter share percentage, it is unclear what proportion of residents in ZIP 77290 are renters versus homeowners, which could impact investment decisions.
No median income data is available, meaning that the economic profile of the area's residents is not fully defined, which is crucial for assessing tenant affordability.
Lack of days on market (DOM) data means that the average time it takes for a property to sell is unknown, but considering the broader Houston market trends, properties generally go to pending in around 35 days.
The absence of a price-cut share percentage indicates that there isn't a significant trend of sellers lowering their asking prices, which could mean the market is relatively stable.
In summary, while the Fair Market Rent for ZIP 77290 is established at $1330, other key metrics such as market rent, median home value, renter share, median income, days on market, and price-cut share are not available. This makes it challenging to fully assess the investment potential without consulting additional sources. However, the established FMR provides a solid foundation for Section 8 rental agreements.
Section 8 Verdict: Suitable for Section 8 investments given the clear FMR guideline, but further local research is essential due to missing key data points.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.