Section 8 Fair Market Rent (FMR) for ZIP 77547 - 2027

Location: Houston-The Woodlands-Sugar Land, TX | Metro: Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area

Investment Score for ZIP 77547

C
Monthly Rent (2BR)
$1,230
Median Price (2BR)
$134,691
1% Rule
0.91%
Annual Yield
10.96%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,010
1 Bedroom$1,040
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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,230 $134,691 0.91% C
3BR $1,660 $167,462 0.99% C
4BR $2,060 $196,823 1.05% B

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
9,217
Median Household Income
$50,991
Housing Units
2,985
Renter Percentage
29.2%
Occupancy Rate
91.3%
Renter Occupied
796

The economics of Section 8 in ZIP code 77547, Galena Park, TX, revolve around the SAFMR (Small Area Fair Market Rent) which is specifically tailored for this ZIP code. For a two-bedroom apartment in FY 2024, the SAFMR is set at $1190. This figure represents the maximum amount that the housing authority will reimburse landlords for rent.

In comparison, the local market rent for a similar unit is slightly lower at $1,157 according to the Census ACS. However, the SAFMR is the critical number here since it dictates the upper limit of the rental subsidy.

A landlord should understand that the actual reimbursement from a voucher includes the tenant's portion of the rent plus any utility allowances. Typically, the tenant is responsible for paying approximately 30% of their income towards rent. If the tenant’s income is $2,000 per month, their portion would be $600. The remaining balance, up to the SAFMR, is covered by the Section 8 program.

Utility allowances can vary but are usually capped at a certain amount. In ZIP 77547, the utility allowance for a two-bedroom unit might be around $200, depending on the specifics of the voucher and the tenant's needs.

To illustrate, if a landlord charges $1190 for a two-bedroom apartment, and the tenant contributes $600, then the Section 8 program would cover the difference. However, if the landlord sets the rent above the SAFMR, they must absorb the cost beyond $1190, as the program will only pay up to this amount.

In practice, this means that for a two-bedroom apartment in ZIP 77547, the landlord could expect a reimbursement of $1190 minus the tenant's contribution, typically leaving a surplus over the local market rent. With a $600 tenant contribution and a $200 utility allowance, the total reimbursement would be $990, creating a surplus of $33 compared to the local market rent of $1,157.

Landlords need to ensure that their units meet the quality standards required by the Section 8 program to avoid any penalties or loss of eligibility. The reimbursement gap or surplus in this case shows that landlords can still achieve market rates while participating in the Section 8 program, with a slight surplus in this example.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.