Section 8 Fair Market Rent (FMR) for ZIP 77415 - 2027

Location: Matagorda County, TX | Metro: Matagorda County, TX

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,030
1 Bedroom	$1,040
2 Bedrooms	$1,240
3 Bedrooms	$1,590
4 Bedrooms	$1,990
5 Bedrooms	$2,308
6 Bedrooms	$2,585
7 Bedrooms	$2,792
8 Bedrooms	$2,932

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$71,310

Housing Units

Renter Percentage

42.0%

Occupancy Rate

68.5%

Renter Occupied

The ZIP code 77415, located in Houston, Texas, is a dynamic residential area that offers significant opportunities for real estate investors, particularly those interested in the Section 8 housing market. The area is characterized by a mix of urban living and suburban comfort, with easy access to major highways and public transportation.

The Fair Market Rent (FMR) for ZIP 77415 is set at $1,190 for the fiscal year 2026, providing a clear benchmark for rental properties in the area.
Despite the lack of specific data on market rents (N/A), the high percentage of renters at 42.0% indicates strong demand for affordable housing options.
The median home value in ZIP 77415 is currently unavailable, but the high renter share suggests that rental properties could be more attractive than homeownership investments.
The average days on market (DOM) is not available, which could indicate either a robust sales market or a lack of recent activity in property transactions.
The median income in the area stands at $71,310, which is relatively stable and supports the potential for tenants to maintain consistent rental payments.

In summary, ZIP 77415 presents a favorable environment for landlords and small-portfolio investors looking to capitalize on the Section 8 housing program. With a defined fair market rent and a substantial renter population, there is a clear opportunity to provide affordable housing solutions. The stable median income further supports the financial viability of tenants, ensuring a reliable source of rental revenue. Although specific market rent and days on market data are lacking, the overall economic conditions and tenant demand suggest a promising investment climate for rental properties.

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.