Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,320 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,160 |
| 4 Bedrooms | $2,670 |
| 5 Bedrooms | $3,097 |
| 6 Bedrooms | $3,469 |
| 7 Bedrooms | $3,747 |
| 8 Bedrooms | $3,934 |
Magnolia, TX (ZIP 77353) is a large-sized, thriving suburban community with a total population of 47,353 residents. While specific data on the percentage of renters is not immediately available, it's clear that this area has a diverse demographic makeup.
The median household income in Magnolia, TX is $52,353, which is 16.8% higher than it was five years ago. This places the community slightly above the state average, indicating an affluent area. However, the median home value stands at $220,196, also 29.2% higher than it was five years ago, showing a competitive real estate market.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP 77353 in fiscal year 2024 is set at $1,470. In comparison, the median market rent is $1,454, which is only slightly lower. This suggests that the rental market is closely aligned with the FMR, making it a stable environment for landlords and small-portfolio investors.
The overall livability score for Magnolia, TX is 75 out of 100, reflecting good quality of life based on key factors such as amenities, cost of living, safety, education, employment, housing, and weather. Notably, the cost of living index is 59, significantly below the national average of 100, which means that your dollar stretches further here.
Given the stability of the rental market and the relatively high median income compared to the state average, Magnolia, TX is well-suited for hands-off voucher operators. The area’s competitive home values and below-average cost of living also make it attractive for hands-on value-add buyers looking to capitalize on the potential for property appreciation and rental income growth.
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.