Location: Colorado County, TX | Metro: Colorado County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The ZIP code 77412 presents a unique challenge for landlords and small-portfolio investors due to limited data on renters and income levels. However, based on the available information, it is clear that this area lacks a significant renter population, with only 0.0% of residents identified as renters. This suggests that the demand for rental properties, including those accepting Section 8 vouchers, is likely to be low.
With the median household income listed as N/A, it's impossible to accurately calculate what percentage of local income is consumed by typical market rents. Nevertheless, if we consider the Fair Market Rent (FMR) for the metro area at $1,140 for fiscal year 2026, landlords can use this figure as a benchmark for setting rents.
In an environment where the median income is unknown, landlords must rely on other indicators such as job availability, local amenities, and the overall desirability of the neighborhood to gauge potential tenant interest. Given the FMR, landlords can anticipate that tenants who qualify for Section 8 vouchers will have a monthly income that aligns with the eligibility criteria for such assistance.
The typical tenant profile in ZIP 77412 would likely be individuals or families whose income is below the area median income (AMI), making them eligible for housing assistance programs like Section 8. These tenants will be seeking affordable housing options and will require their rent to be subsidized through the voucher program.
Landlords should also be aware that the low percentage of renters in this ZIP code could indicate a preference for homeownership among residents. This might mean that the competition for rental properties is less intense, but also that the overall demand for rentals is lower. Therefore, landlords must carefully evaluate the costs and benefits of accepting Section 8 vouchers, considering factors such as the reliability of federal funding and the potential for long-term tenancy stability.
To conclude, while ZIP 77412 appears to be a homeowner-dominated area with a scarcity of renters, landlords can still attract tenants using Section 8 vouchers by setting competitive rents around the $1,140 FMR mark. The focus should be on providing quality, well-maintained properties that meet the needs of low-income families seeking stable housing solutions.
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.