Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
The analysis of ZIP code 77411 within the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area reveals several critical points for landlords and small-portfolio investors.
The rent math does not work favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for the area is set at $1330 for fiscal year 2024, but without comparative market rent figures, it's challenging to assess if properties can be rented out at this rate without significant vacancy issues.
Regarding acquisition affordability, the absence of specific data on median home values, days on market (DOM), and the percentage of homes requiring price cuts makes it difficult to provide a concrete assessment. Investors need accurate data on these metrics to determine if buying properties in this ZIP code aligns with their financial goals and risk tolerance.
Tenant demand is also unclear due to the lack of detailed population and renter share data. Without knowing the number of residents and what proportion of them are renters, landlords cannot accurately gauge the potential occupancy rates and stability of rental income.
Verdict: Investment in ZIP 77411 presents uncertainties due to incomplete data. The FMR of $1330 is established, but without corresponding market rent, median home value, DOM, price cut percentages, and tenant demographics, making informed decisions is problematic. Investors should seek additional local insights before committing to acquisitions in this area.
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.