Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
ZIP code 77446 is situated within the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 77446 in fiscal year 2024 is set at $1160, which is higher than the average market rent of $997. This indicates that while the FMR is established to be slightly above what the typical market offers, it reflects a subsidy level designed to make housing affordable for low-income renters.
The renter share in ZIP 77446 stands at 83.0%, significantly higher than the metropolitan average. This suggests a strong demand for rental properties, potentially due to a lack of affordable homeownership options or a preference for renting among residents. However, the absence of data on home values means we cannot directly compare homeownership costs against the metropolitan area, but the high renter share points towards an active rental market.
Based on the available data, ZIP 77446 appears to be a value pocket within the larger metro area. The higher FMR compared to the actual market rent, combined with a substantial renter share, could signal a sweet spot for Section 8 landlords and small-portfolio investors. Properties here may benefit from both government subsidies and robust tenant demand, making them attractive investments where rental income can be secured through the Section 8 program.
To provide a clearer picture of how ZIP 77446 stacks up against other ZIP codes in the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area, further analysis would be required, including comparative data on home values and median incomes. Nonetheless, the current figures suggest a favorable environment for those interested in the Section 8 market, particularly due to the disparity between the FMR and market rent, alongside the high proportion of renters.
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.