Section 8 Fair Market Rent (FMR) for ZIP 77643 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 77643 is located in Texas and encompasses a suburban area that is part of the broader Houston metropolitan statistical area. This region benefits from the economic stability and growth trends typical of larger urban areas, yet it maintains the quiet and spacious qualities of suburban living.

• Fair Market Rent (FMR): The Fair Market Rent for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,120. This figure serves as a benchmark for rental pricing and reflects the average rent level that landlords can expect to charge.
• Market Rent: Specific data on market rent for ZIP 77643 is currently unavailable. However, given the proximity to Houston, it's reasonable to assume that market rents will align closely with the FMR, barring any significant local market dynamics.
• Median Home Value: Data on the median home value for ZIP 77643 is also not available. This lack of information suggests that the area may be less developed or have a smaller sample size for housing statistics, which could affect investment decisions.
• Renter Share: The percentage of residents who are renters in ZIP 77643 is unknown. This metric would provide insight into the demand for rental properties, indicating whether the area leans towards homeownership or renting.
• Days on Market (DOM): Information regarding the average days on market for properties in ZIP 77643 is not available. This data point would help investors understand how quickly properties sell, giving them an idea of the local real estate market's liquidity.
• Median Income: The median income for households in ZIP 77643 is currently unreported. Understanding the income levels of potential tenants is crucial for setting appropriate rental prices and assessing the financial health of the area.

Investors looking at ZIP 77643 should focus on the Fair Market Rent of $1,120 as a key indicator of potential rental income. Despite the scarcity of detailed local data, the broader context of the Houston metropolitan area suggests stable economic conditions. Investors must conduct thorough due diligence to fill in the gaps left by the missing specific data points, ensuring they make informed decisions about property investments in this area.

Data Sources: FMR data from HUD (2027).

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.