Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area
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 | $1,660 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,740 |
| 4 Bedrooms | $3,420 |
| 5 Bedrooms | $3,967 |
| 6 Bedrooms | $4,443 |
| 7 Bedrooms | $4,798 |
| 8 Bedrooms | $5,038 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,040 | $339,480 | 0.6% | D |
| 3BR | $2,740 | $400,660 | 0.68% | D |
| 4BR | $3,420 | $653,169 | 0.52% | F |
| 5BR | $3,967 | $1,084,216 | 0.37% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 77382, Spring, TX, in fiscal year 2024 is set at $2040. This figure represents the maximum amount the federal government will pay landlords participating in the Section 8 program for a unit of a given size. It's important to note that this is the payment standard, not the rent you can charge your tenant.
In comparison, the local Zillow Observed Rental Index (ZORI) for Spring, TX, stands at $2,129. This indicates the average rent for similar units in the area based on actual rental transactions. The FMR is slightly below this market rate, suggesting that while you won't be able to charge above the FMR, you're still within a reasonable range of the local rental market.
The 17.6% renter share tells us that nearly one in every five residents in Spring, TX, are renters. This high percentage points to strong demand for rental properties, which is beneficial if you're considering entering the Section 8 market. With a significant portion of the population looking for affordable housing options, there's a good chance you'll find interested tenants.
If you're planning to acquire a property in this area for a Section 8 rental, the median home value is approximately $591,811. This gives you an idea of the investment required to enter the market. While the initial cost might seem high, it's crucial to understand that the long-term stability and guaranteed income from the Section 8 program can offset some of the financial risks associated with property ownership.
Before making your decision, verify that the property meets all the necessary criteria for the Section 8 program. This includes ensuring the unit is safe, decent, and sanitary, and that it complies with local housing codes. Additionally, check that the rent you plan to charge does not exceed the FMR, as this could disqualify your property from the program.
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.