Section 8 Fair Market Rent (FMR) for ZIP 77465 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$910
1 Bedroom	$930
2 Bedrooms	$1,100
3 Bedrooms	$1,400
4 Bedrooms	$1,750
5 Bedrooms	$2,030
6 Bedrooms	$2,274
7 Bedrooms	$2,456
8 Bedrooms	$2,579

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,681

Median Household Income

$64,666

Housing Units

4,148

Renter Percentage

14.6%

Occupancy Rate

80.1%

Renter Occupied

485

Housing Authorities Serving ZIP 77465

Housing Authority of the City of Bay City (Bay City, TX) - 270 Section 8 vouchers
Edna Housing Authority (Edna, TX) - 135 Section 8 vouchers
Port Lavaca Housing Authority (Port Lavaca, TX) - 105 Section 8 vouchers
Housing Authority of the City of Palacios (Palacios, TX) - 60 Section 8 vouchers

The ZIP code 77465, located in Palacios, Texas, is a small coastal community that offers unique opportunities for real estate investment. Nestled along the Gulf Coast, this area provides a blend of rural charm and access to water activities, which can attract a variety of tenants and buyers.

The Fair Market Rent (FMR) for ZIP 77465 is set at $1,110 for the fiscal year 2026, indicating a potential benchmark for rental pricing in the area.
The actual market rent, as reported by the Census Bureau's American Community Survey, is currently at $780. This suggests there is room for price adjustment to meet the FMR standards.
The median home value in Palacios stands at $188,542, reflecting a moderate cost of living and property ownership in the region.
Renters make up 14.6% of the housing market, which is relatively low but still significant for small-scale landlords and investors looking to capitalize on rental properties.
The median household income in the area is $64,666, providing insight into the economic stability of potential tenants and buyers.

Investors should consider the gap between the Fair Market Rent and the current market rent as an opportunity to increase their rental yields. With a median home value that is moderate and a median income that supports affordable housing, the area presents a balanced market for both homeownership and rental investments. However, the lower renter share indicates a smaller pool of potential renters compared to other areas, which could affect the demand for rental properties. Landlords and small-portfolio investors should focus on offering competitive rents and maintaining properties to appeal to the local market, ensuring they align with the FMR to maximize profitability and remain attractive to tenants.

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.