Location: Polk County, TX | Metro: Polk County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
U.S. Census Bureau data (2024)
53.300 residents in ZIP 77335 earn a median income of $53,300 annually, indicating a moderate economic status within the area. However, the 25.5% of households that are renters suggest a significant portion of the population relies on rental properties, which can be a stable source of income for landlords. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,260, providing a benchmark for rental pricing that aligns closely with the actual market rent of $1,156 based on Census ACS data. This parity between FMR and market rent signals a balanced rental market where landlords can expect reasonable returns without setting rents too high. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the median home value of $147,979 suggests that property values are relatively stable, offering potential for long-term investment appreciation. Given the alignment between FMR and market rent, along with the stable median home value, landlords and small- portfolio investors should find the ZIP 77335 a viable location for Section 8 properties. The consistent demand for rental housing and the moderate income levels support the idea that Section 8 vouchers will cover a substantial portion of the $1,156 market rent, making it a feasible option for those willing to participate in the program. Therefore, the Section 8 verdict for ZIP 77335 is positive, as the financial parameters indicate a sustainable and potentially profitable venture.
Data Sources: FMR data from HUD (2027). 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.