Location: Matagorda County, TX | Metro: Matagorda County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
The ZIP code 77404 in Unknown, TX, presents a unique challenge due to the lack of specific population and rental statistics. However, we can infer certain characteristics based on the available data. The median household income figure is also unavailable, which makes it difficult to precisely gauge the economic profile of potential tenants. Despite these limitations, we can analyze the situation using the Fair Market Rent (FMR) data.
The FMR for the metro area, set at $1,170 for fiscal year 2026, serves as a benchmark for understanding the rental market dynamics in ZIP 77404. Given that the exact percentage of renters and the market rent are not specified, it's challenging to determine if this ZIP code has a heavy renter population or if it leans more towards homeownership. However, the presence of Section 8 vouchers indicates there is a segment of the population relying on government assistance for housing, suggesting a mix of both market-rate and subsidized renters.
Without specific income data, we cannot accurately calculate the percentage of local income that typical rent consumes. Nevertheless, it's reasonable to assume that tenants who rely on Section 8 vouchers have incomes below 50% of the area median income, as per HUD guidelines. This implies that the majority of their income is allocated to necessities such as food, healthcare, and education, leaving a smaller portion for housing expenses.
In terms of tenant profiles, landlords in ZIP 77404 should anticipate a diverse group of individuals, including families with children, elderly persons, and disabled individuals. These tenants will likely be seeking affordable housing options that align with the $1,170 FMR. Landlords must ensure their properties meet the necessary standards for Section 8 eligibility, including passing inspections and maintaining fair market rents.
To summarize, while precise figures are lacking, ZIP 77404 appears to have a notable presence of Section 8 tenants. Landlords should prepare for a tenant base that requires affordable housing solutions and is sensitive to the balance between income and rent costs. Properties that offer value within the FMR guidelines will be most competitive in attracting these tenants.
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.