Location: Matagorda County, TX | Metro: Matagorda County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 77482 in the upcoming fiscal year 2026 is set at $1,100. This figure represents the payment standard for Section 8 vouchers in the area, which is the amount the government will pay toward your tenant's rent. It does not mean you can charge $1,100; rather, it indicates the maximum subsidy available to renters with vouchers.
To put this into context, the average market rent in ZIP 77482, according to the latest Census American Community Survey (ACS), is $1,005. This suggests that the FMR is slightly above the average market rate, potentially making Section 8 rentals more attractive to tenants seeking affordable housing.
The 12.7% renter share in the area indicates a moderate demand for rental properties. While not exceptionally high, this percentage shows there is a significant portion of the population who might be interested in renting through the Section 8 program. With an acquisition cost of approximately $236,435 for a property in this ZIP code, you should consider whether the potential rental income aligns with your investment goals and the maintenance costs associated with owning a rental property.
Before deciding to participate in the Section 8 program, ensure that your property meets all necessary inspection criteria. The Housing Quality Standards (HQS) inspection is crucial because it determines whether your property is eligible for the program. If it fails, you cannot participate, regardless of the FMR or the demand for rental properties.
In summary, the FMR of $1,100 in ZIP 77482 exceeds the average market rent of $1,005, indicating a potentially favorable position for landlords. However, with a moderate renter share of 12.7%, demand is steady but not overwhelming. Given the acquisition cost of around $236,435, you must confirm that your property passes the HQS inspection to proceed with a Section 8 rental.
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.