Location: Wharton County, TX | Metro: Wharton County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 77448 is situated in a suburban neighborhood primarily characterized by homeownership, with a population of 171 individuals and a median home value of $221,945. Notably, there are no renters reported in this area, indicating a community where residents predominantly own their homes rather than leasing. The lack of reported median income suggests that detailed economic data is scarce, which could be due to the small sample size of the population.
From an investment perspective, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,190. However, the absence of specific market rent data for ZIP 77448 makes it challenging to directly compare FMR with local rental prices. This gap in information implies that any decision regarding rental properties must rely heavily on broader regional trends rather than localized data.
Given these conditions, ZIP 77448 would likely be more suitable for a hands-off voucher operator than a hands-on value-add buyer. The low number of renters indicates limited opportunities for active property management aimed at increasing occupancy or rental rates. Instead, a hands-off approach focusing on providing stable housing through the Section 8 program could align better with the existing ownership dynamics and the limited need for intensive rental market engagement.
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.