Section 8 Fair Market Rent (FMR) for ZIP 77662 - 2027

Investment Score for ZIP 77662

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$820
2 Bedrooms	$1,010
3 Bedrooms	$1,330
4 Bedrooms	$1,630
5 Bedrooms	$1,891
6 Bedrooms	$2,118
7 Bedrooms	$2,287
8 Bedrooms	$2,401

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,330	$199,500	0.67%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 77662 in the Texas metro area is best suited as a **cash-flow anchor** within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for FY 2024 is set at $940, which is significantly lower than the market rent of $1,550 for a typical 3-bedroom home. This spread indicates that properties in ZIP 77662 can generate a steady, reliable cash flow when leased under the Section 8 program.

The median home value in ZIP 77662 is $177,666, reflecting a relatively affordable housing market. Despite the low median home value, the median household income is $72,243, suggesting that residents have sufficient financial means to support rental demand.

Moreover, the 19.6% renter share indicates a moderate level of demand for rental units, including those subsidized by Section 8. The 0.2% price-cut share and N/A-day days on market (DOM) suggest that the housing market in ZIP 77662 is stable, with few properties requiring significant price reductions or extended listing periods.

A cash-flow anchor serves to stabilize a real estate investment portfolio by providing consistent, predictable income. ZIP 77662 meets this criterion well, given the substantial difference between the FMR and market rents. Landlords and small-portfolio investors can leverage this gap to ensure a positive cash flow while minimizing risk associated with property values and market volatility.

In conclusion, ZIP 77662 should be considered primarily as a cash-flow anchor in a Section 8 portfolio strategy. The $610 difference between the FMR and market rents provides a strong foundation for generating reliable income, making it an attractive option for investors seeking stability and predictability in their investments.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.