Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
The ZIP code 77368 stands out due to its unique demographic and economic characteristics. With a resident population that currently lacks specific census data, it's challenging to provide precise figures on the percentage of renters or median income and home values. However, the voucher economics in this area offer a clearer picture. The Fair Market Rent (FMR) for ZIP 77368 is set at $1040 for the fiscal year 2024, which serves as a benchmark for rental costs supported by Section 8 vouchers.
Despite the absence of detailed market rent data, the FMR provides a useful reference point for landlords and small-portfolio investors. It indicates that properties within this ZIP code can be rented at rates aligned with the $1040 threshold, ensuring compliance with federal guidelines while also reflecting the local rental market's affordability.
The stability or transitional nature of ZIP 77368 cannot be conclusively determined without specific historical data. However, the presence of a defined FMR suggests some level of government interest and oversight, which typically aims to maintain affordable housing options. This implies that the ZIP could be considered stable in terms of its commitment to supporting low-income households through housing assistance programs.
For landlords and small-portfolio investors, focusing on properties that meet the criteria for Section 8 participation, such as those that are safe, decent, and sanitary, will ensure they remain competitive in the rental market. Given the FMR, setting rents slightly below or at this amount can attract tenants who qualify for vouchers, thereby securing steady tenancy and avoiding vacancies.
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.