Location: San Jacinto County, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $220,604 | 0.55% | F |
| 3BR | $1,580 | $241,349 | 0.65% | D |
| 4BR | $2,020 | $280,072 | 0.72% | D |
U.S. Census Bureau data (2024)
Cleveland, TX, located in ZIP code 77328, is a growing suburban community that offers a mix of residential and commercial opportunities. The area's proximity to Houston makes it attractive for both residents and investors looking to capitalize on the region's economic growth.
The combination of a strong rental market, with actual rents surpassing the FMR, and a median income that supports higher rent payments presents a favorable investment climate for landlords and small-portfolio investors in Cleveland, TX. The relatively low median home value indicates that there is still potential for growth in property values, making this area attractive for long-term investments. However, the presence of a substantial homeowner population means that rental demand is robust but not overwhelming, creating a balanced market environment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
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.