Location: Polk County, TX | Metro: Polk County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The classification of ZIP code 77350 hinges significantly on the available data points, particularly focusing on the yield and stability aspects. For yield, we can look at the Fair Market Rent (FMR) which stands at $1,140 for the fiscal year 2026. This figure indicates the potential rental income that can be generated from properties in this area, assuming they are priced at the FMR level. However, the absence of market rent and home value data means we cannot compare these figures directly to determine if there's an opportunity for higher yields through market pricing or property flipping.
On the stability front, the data reveals that only 5.4% of residents are renters. This suggests a relatively low demand for rental housing, potentially leading to longer vacancy periods and thus affecting cash flow stability. The lack of data on days on market (DOM) and median income further complicates the analysis, leaving gaps in understanding the financial health of potential tenants and the speed at which properties might be rented out.
Given the limited information, ZIP 77350 appears to be neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. With the FMR set but without comparable market rents or home values, it's challenging to assess the yield advantage. Similarly, the low percentage of renters coupled with unknowns regarding income levels and DOM makes it difficult to gauge stability accurately. Landlords and small-portfolio investors should proceed with caution, seeking additional local insights to complement the available data before making investment decisions.
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.