Location: Matagorda County, TX | Metro: Brazoria County, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,660 | $233,693 | 0.71% | D |
| 4BR | $2,060 | $292,620 | 0.7% | D |
U.S. Census Bureau data (2024)
21.3% of residents in ZIP code 77480 are renters, indicating a moderate demand for rental properties in the area. The Fair Market Rent (FMR) for Section 8 housing in ZIP 77480 for fiscal year 2024 is set at $1130, which is lower than the actual market rent reported by the Census ACS at $1,267. This suggests that landlords can expect slightly higher rents from non-Section 8 tenants. However, the $235,857 median home value indicates that the overall property values in the area are relatively high, which could impact the availability of affordable rental units.
$73,022 is the median income for households in ZIP 77480, providing insight into the financial capacity of potential tenants. Although the median income is reasonable, the fact that 0.3% of listings have been price-cut recently might imply some challenges in pricing properties competitively without sacrificing profit margins. Despite the lack of available data on days on market (DOM), the low percentage of price cuts suggests a stable rental market with steady demand.
In conclusion, while the FMR for Section 8 is lower than the market rent, the moderate renter share and stable market conditions make ZIP 77480 a viable option for landlords and small-portfolio investors interested in Section 8 participation. The verdict on Section 8 in ZIP 77480 is positive, given the manageable percentage of price-cut listings and the presence of a steady tenant pool.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.