Location: Walker County, TX | Metro: Walker County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
ZIP 77367, located in Walker County, TX, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The primary reason for this classification is the significant spread between the Fair Market Rent (FMR) and the actual market rent in the area.
In fiscal year 2026, the FMR for the metro area around ZIP 77367 is set at $1,500. This figure represents the maximum amount that a landlord can charge for a rental property to be eligible under the Section 8 program. However, the current market rent for the same area stands at $936, indicating a substantial gap between the two figures. This means that landlords participating in the Section 8 program can expect to receive higher rents compared to the local market average, thereby securing a steady and reliable cash flow.
The median home value in ZIP 77367 is not available, which suggests that the area might have a lower concentration of homeowners, making it more suitable for a rent-focused strategy. Additionally, with a 51.7% renter share, there is a strong demand for rental properties, further supporting the potential for consistent cash flow.
While the appreciation potential and diversification benefits are not quantified due to missing data on price-cut share, days on market (DOM), and median income, the cash-flow anchor role is clear based on the available information. Landlords should focus on leveraging the guaranteed rent payments through the Section 8 program, which exceed local market rates, to stabilize their portfolio's financial performance.
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.