Location: Tyler County, TX | Metro: Tyler County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The rental market in ZIP code 77660 is dynamic, with Federal Market Rent (FMR) set at $1,000 for the fiscal year 2026. This figure represents the government's benchmark for fair market rental values, indicating a substantial price point that landlords can reference for setting their own rents. However, the actual market rent as reported by the Census ACS stands at $643, suggesting a gap between what the government deems fair and the current market realities.
The absence of specific data on price-cut shares and days on market (DOM) complicates a straightforward assessment of whether supply outpaces demand or vice versa. Nonetheless, the disparity between the FMR and the market rent points towards a scenario where supply might be meeting or even exceeding demand, keeping rents lower than the federal benchmark.
A 16.8% renter share in the area indicates that a significant portion of residents are renters rather than homeowners. This statistic suggests ongoing pressure on the rental market, as a higher percentage of renters often correlates with a need for more affordable housing options. For landlords and small-portfolio investors, this means a steady demand for rental properties, particularly those priced competitively around the market rent of $643.
The dynamics of the ZIP 77660 market are influenced by these factors, creating an environment where landlords must balance the desire for higher rents against the realities of the local market. The lower-than-FMR market rent could indicate a competitive landscape where tenants have multiple choices, making it essential for landlords to maintain attractive properties to ensure occupancy.
In summary, ZIP 77660 presents a rental market characterized by a gap between federal benchmarks and actual market conditions, sustained demand driven by a significant renter population, and potential competition among property owners. These elements create a fluid market where adjustments to rental strategies may be necessary to align with tenant preferences and economic realities.
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.