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 is the Fair Market Rent (FMR) for ZIP code 77347 in Humble, TX, for fiscal year 2024. This figure represents the average rental cost for a two-bedroom apartment under the Section 8 program.
N/A is the market rent for this area, indicating a lack of recent data on average rental prices outside of the government-assisted housing program.
N/A is also the median home value in ZIP code 77347, suggesting insufficient data for a precise calculation.
N/A is the percentage of residents who are renters, which means there is no current information on the proportion of tenants versus homeowners in the area.
N/A is the median income for ZIP code 77347, reflecting a gap in available income data for the region.
N/A is the number of days on market (DOM) for properties in this ZIP code, implying that there is no recent data on how long it typically takes for a property to sell.
N/A is the percentage of homes that have been discounted, indicating a lack of recent information on price reductions in the local real estate market.
In summary, the Fair Market Rent for ZIP code 77347 is set at $1330 for a two-bedroom apartment, but without additional data on market rents, median home values, renter share, median income, and other key metrics, it is challenging to provide a comprehensive analysis of the real estate market here. The limited availability of data suggests that the real estate market in ZIP code 77347 may be less active or less tracked compared to larger metropolitan areas. Given the available information, the Section 8 program remains a stable source of rental income in this area.
Verdict: Section 8 provides a reliable rental income stream in ZIP 77347.
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.