Location: Houston-The Woodlands-Sugar Land, TX | Metro: Beaumont-Port Arthur, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
The ZIP code 77629 is situated within the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. Its Fair Market Rent (FMR) for FY 2024 is set at $1,050 for a two-bedroom unit. This figure is lower than the metro's FMR for a two-bedroom unit, which is $1,529 according to recent data.
The market rent and home value for ZIP 77629 are currently unavailable. However, the 15.1% renter share in this area is a key indicator of its potential attractiveness to landlords and small-portfolio investors. Typically, a higher renter share can signal a greater demand for rental properties, especially if the home values are below the metro average.
In the context of the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area, ZIP 77629 appears to be a value pocket. The FMR being significantly below the metro's average suggests that rental rates here are more affordable. While we cannot infer the exact home values without specific data, the combination of a below-average FMR and a higher-than-average renter share could indicate that this area is a sweet spot for Section 8 investments. It likely attracts a population that benefits from subsidized housing, making it a stable and potentially lucrative market for those willing to participate in government-assisted housing programs.
Landlords should consider the potential for steady occupancy rates and the reliability of rental income supported by the Section 8 program. Additionally, the lower FMR might mean that property acquisition costs are also relatively lower compared to other parts of the metro, providing an opportunity for higher profit margins when managed effectively.
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.