Location: Jasper County, TX | Metro: Jasper County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 77615 presents a unique challenge for both renters and landlords alike. Given the median income of $48,393 for households in this area, it is evident that the local market rate for rent, which is currently unavailable, likely exceeds what most residents can comfortably afford. This situation is further complicated when comparing the voucher payment standard of $970 per month, as set for the metro area for fiscal year 2026.
The affordability gap in 77615 is stark. With only 15.5% of the 252 residents being renters, the competition among landlords is relatively low. However, this also means that there is a limited pool of potential tenants who can afford market-rate rents. The majority of renters will likely be seeking housing assistance through vouchers, which pay a fixed rate regardless of the property's location or condition.
For landlords considering their strategy in this ZIP code, the data points to a clear path. Given the high likelihood that many prospective tenants will rely on vouchers, accepting them becomes a strategic necessity rather than a choice. Vouchers ensure a steady stream of rental income, albeit at a lower rate than market conditions might otherwise dictate. Landlords should prepare to compete on factors other than price, such as property quality, location, and amenities, to attract those few who can pay above the voucher amount.
The takeaway for landlords is that focusing solely on cash-paying tenants could limit their opportunities in 77615. Instead, embracing a mix of voucher and cash-paying tenants can provide a balanced approach to managing a property portfolio. By doing so, landlords can tap into the broader market of renters while still maintaining a competitive edge against the limited number of properties available in this ZIP code.
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.