Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The ZIP code 77538, located in Texas, stands out due to its unique demographic and economic characteristics. With only 917 residents, it has a very low rental rate at 5.5%, indicating that homeownership is prevalent despite the lack of reported median home value. The median income for this area is $78,482, which places it above the national average, suggesting a relatively affluent community.
Moving to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for ZIP 77538 is set at $990 for fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 voucher in this area. However, the absence of market rent data makes it difficult to compare the FMR with local rental rates. Despite this, the low rental rate implies that there might be limited demand for rental properties, including those participating in the Section 8 program.
The data signature for ZIP 77538 reads as stable. The high median income suggests financial stability among its residents, while the low rental rate indicates a preference for homeownership. Although the median home value is not available, the overall picture points towards a community where most residents own their homes and have sufficient means to do so. For landlords and small-portfolio investors considering participation in the Section 8 program, the stability of the area is a positive factor, but the limited rental market may pose challenges in finding tenants willing to use vouchers.
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.