Section 8 Fair Market Rent (FMR) for ZIP 77440 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$970
2 Bedrooms	$1,150
3 Bedrooms	$1,470
4 Bedrooms	$1,840
5 Bedrooms	$2,134
6 Bedrooms	$2,390
7 Bedrooms	$2,581
8 Bedrooms	$2,710

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

To determine if a landlord should buy in ZIP code 77440 for Section 8 purposes, follow these steps:

Step 1: Clear Debt Service
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,140. This figure must be compared against the debt service of a property in ZIP 77440. If the FMR does not cover the debt service, purchasing is not advisable.
Step 2: Market Rent Comparison
Next, assess whether the local market rent is above, at, or below the FMR of $1,140. Insufficient data was provided to determine the exact market rent in ZIP 77440. However, if the market rent is significantly below the FMR, it suggests that the property can be rented out at the FMR without difficulty. If the market rent is close to or above the FMR, then there might be competition for tenants willing to pay the FMR rate.
Step 3: Tenant Demand
Evaluate the tenant demand by looking at the percentage of renters and the days on market (DOM). In ZIP 77440, 0.0% of the population are renters, indicating a very low rental market demand. Additionally, the DOM data was not provided, which is critical for understanding how quickly properties are leased. A high DOM suggests low demand, while a low DOM indicates strong demand.

Decision Outcome:

If the FMR of $1,140 covers the debt service and the market rent is below the FMR, then yes, purchasing a property for Section 8 in ZIP 77440 could be a viable option.
If the FMR does not cover the debt service, the answer is no, regardless of market rent or tenant demand.
If the market rent is near or above the FMR and the tenant demand is low (as indicated by the 0.0% renters), then it depends on other factors such as the ability to find Section 8 eligible tenants and the stability of the housing market in ZIP 77440.

Note: The lack of specific data regarding market rent and DOM makes it challenging to provide a definitive recommendation. Landlords should seek additional local market analysis before making an investment decision.

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.