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 HUD Fair Market Rent (FMR) for ZIP code 77291 in Houston, TX, for fiscal year 2024 is set at $1330. However, the current market rent for the area is not readily available from the sources accessed. To provide a comprehensive analysis, we must consider the HUD FMR in relation to the typical market rent.
The median home value in ZIP code 77291 is currently unavailable. Without this figure, deriving a precise rent-to-price ratio is challenging. However, given the high concentration of rental properties in the area, it suggests a robust rental market, which could imply competitive pricing.
The average days on market (DOM) and the percentage of price cuts are also not specified for ZIP code 77291. These metrics are crucial for understanding the local real estate market dynamics but are not directly relevant to the Section 8 analysis unless they indicate broader trends affecting both buying and renting.
Based on the available HUD FMR, voucher tenants in ZIP code 77291 would likely cashflow at the FMR rate, indicating that the FMR is sufficient to cover the rent for most units. This makes the area attractive for landlords and small-portfolio investors looking for stable, long-term rental income.
The strongest investor angle in ZIP code 77291 is cashflow stability. Given the adequacy of the HUD FMR, investors can expect consistent, reliable income from Section 8 tenants without the need for premium units or extensive renovations.
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.