Section 8 Fair Market Rent (FMR) for ZIP 77413 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 77413 is located in Barker, Texas, a small town in Harris County. Due to the limited size and unique characteristics of this ZIP code, there is no census data available for precise figures regarding population, percentage of renters, median income, or median home value. However, we can still analyze the economic landscape based on the available data.

In terms of rent economics, the Fair Market Rent (FMR) for ZIP 77413 for fiscal year 2024 is set at $1330. This figure represents the 40th percentile of typical rental costs in the area and is used to determine payment standards for federal housing assistance programs such as Section 8. While there is no specific data on the market rent for ZIP 77413, it is likely higher than the FMR given that FMR is typically lower than the actual market rates.

Considering the lack of detailed demographic and economic data, ZIP 77413 appears to be more suitable for a hands-off voucher operator rather than a hands-on value-add buyer. The absence of comprehensive statistics makes it challenging to identify opportunities for significant improvements or renovations. Instead, landlords who are interested in operating within this ZIP code should focus on properties that align with the FMR and ensure compliance with Section 8 requirements. This approach minimizes risk and allows for stable, predictable returns without the need for extensive property management activities.

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.