Location: Colorado County, TX | Metro: Colorado County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 77460 stands out due to its unique demographic characteristics. With only 76 residents, it has a remarkably low population density. Furthermore, the area has a rental rate of 0.0%, indicating that there are no renters within the ZIP code. This is unusual and suggests that all residents own their homes. The median income and median home value are not available, which could be due to the small number of residents or the lack of diversity in housing types and economic activities.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area including ZIP 77460 is set at $1,070 for fiscal year 2026. However, the absence of market rent data makes it difficult to compare the FMR with actual local rents, as there are none. This implies that landlords and small-portfolio investors should rely solely on the FMR for determining the rent amount for Section 8 vouchers, as no local market data is available to guide pricing decisions.
Given the limited data points and the extremely low population density, the ZIP code 77460 can be characterized as stable. The complete ownership of housing units without any rentals indicates a settled community where residents have long-term roots. While the lack of median income and home value data prevents a comprehensive economic analysis, the stability of the housing situation suggests that significant changes are unlikely in the near future. Investors should proceed with caution, considering the unique nature of the ZIP code and the reliance on FMR rather than local market conditions.
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.