Section 8 Fair Market Rent (FMR) for ZIP 77597 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,020
1 Bedroom	$1,050
2 Bedrooms	$1,240
3 Bedrooms	$1,670
4 Bedrooms	$2,070
5 Bedrooms	$2,401
6 Bedrooms	$2,689
7 Bedrooms	$2,904
8 Bedrooms	$3,049

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

623

Median Household Income

$N/A

Housing Units

274

Renter Percentage

29.6%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 77597, located in Texas, offers a unique blend of suburban charm and urban convenience, making it an attractive location for both residents and investors. The area is characterized by a mix of single-family homes and rental properties, catering to a diverse population.

Fair Market Rent (FMR): For the fiscal year 2024, the FMR in ZIP 77597 is set at $1020, providing a benchmark for rental pricing.
Market Rent: Data on the current market rent for the area is not available, which suggests that the local rental market may be less competitive or less tracked compared to other regions.
Median Home Value: The median home value in ZIP 77597 stands at $335,461, indicating a moderate to high cost of living relative to other parts of Texas.
Renter Share: Approximately 29.6% of households in the area are renters, reflecting a significant portion of the market that could be targeted by landlords.
Days on Market (DOM): Information regarding the average days on market for properties in this area is not available, which might imply a steady demand without excessive inventory.
Median Income: The median income figure for ZIP 77597 is currently unavailable, but this data is crucial for understanding the economic profile of potential tenants and homeowners.

Investors looking to enter the ZIP 77597 real estate market can expect a stable environment with a fair amount of rental opportunities. Given the FMR of $1020, landlords can price their rentals competitively while ensuring a reasonable return on investment. The median home value of $335,461 suggests a middle-class community where property appreciation is likely over time. With nearly 30% of households being renters, there is a substantial demand for rental units, though the lack of specific market rent data makes precise pricing challenging. The absence of DOM data points towards a balanced market, neither oversupplied nor under-supplied with housing options. While the median income data is missing, it is essential for tailoring the investment strategy to match the economic capabilities of the area's residents. Overall, ZIP 77597 presents a promising investment opportunity for those willing to navigate the available data and make informed decisions.

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.