Location: Newton County, TX | Metro: Newton County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 77614 in the metro area for fiscal year 2026 is set at $1,050. This figure represents the payment standard for Section 8 vouchers, meaning it's the maximum amount the government will pay on behalf of eligible tenants. It does not represent your total rent; you can charge more if you wish, but the tenant must cover the difference.
Local median rents in ZIP 77614 are currently listed as N/A, which suggests there might be limited data available on typical rental prices in this area. However, the fact that the FMR is set at $1,050 gives you a benchmark to work with when setting your own rent. If you decide to charge above this amount, ensure the additional costs are reasonable and competitive with other rentals in the area.
The 0.0% renter share indicates that there is no portion of the rent reserved specifically for voucher holders. In practical terms, this means the demand for Section 8 housing in ZIP 77614 is likely very high, and you could attract many qualified applicants. This high demand makes it a potentially lucrative option for landlords who can meet the requirements.
If you're looking to acquire a new property in this ZIP code, the median household income of $135,401 provides insight into the economic context. This figure suggests that while the average income is relatively high, voucher recipients might still find it challenging to afford market-rate housing. Thus, a Section 8 rental could fill an important gap in the local housing market.
Before proceeding with a Section 8 rental in ZIP 77614, verify that the property meets all necessary housing quality standards (HQS). These standards ensure the home is safe and habitable, and failing to meet them can result in penalties or loss of assistance payments.
In summary, the FMR of $1,050 for ZIP 77614 sets a clear payment standard for Section 8 vouchers. High demand and the need for affordable housing make this ZIP code a promising market for your first Section 8 rental. Ensure the property complies with HQS to avoid issues and maximize your chances of receiving consistent rental income.
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.