Location: Polk County, TX | Metro: Polk County, TX
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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $960 | $99,337 | 0.97% | C |
| 2BR | $1,250 | $138,124 | 0.9% | C |
| 3BR | $1,490 | $249,455 | 0.6% | F |
| 4BR | $1,800 | $402,024 | 0.45% | F |
| 5BR | $2,088 | $630,840 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 77351, located in Livingston, TX within Polk County, stands out due to its unique demographic and economic profile. With a population of 37,143 residents, it has a rental rate of 21.5%, indicating a significant but not overwhelming presence of renters. The median income here is $66,834, which is relatively modest compared to other areas in Texas. However, the median home value is notably higher at $190,968, suggesting that homeownership is a significant factor in the local economy.
When considering the Section 8 program, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,140. This figure contrasts with the market rent, measured by ZORI (Zillow Observed Rent Index), which is $1,330. This discrepancy means that landlords accepting Section 8 vouchers in ZIP 77351 might see a slight shortfall in rent payments when compared to the market rates. However, the difference is manageable, and the stability of Section 8 tenants can be an attractive alternative to the volatility of market-rate rentals.
The data suggests that ZIP 77351 is currently in a stable phase. The relatively low percentage of renters combined with a higher median home value indicates a community where homeownership is prevalent and valued. Despite the slight gap between FMR and market rents, the overall economic indicators point towards a steady environment, making it a reliable option for landlords and small-portfolio investors looking to diversify their holdings in a secure market.
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.