Section 8 Fair Market Rent (FMR) for ZIP 77801 - 2027

Location: College Station-Bryan, TX | Metro: College Station-Bryan, TX MSA

Investment Score for ZIP 77801

D
Monthly Rent (2BR)
$1,070
Median Price (2BR)
$158,341
1% Rule
0.68%
Annual Yield
8.11%

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$930
1 Bedroom$980
2 Bedrooms$1,070
3 Bedrooms$1,490
4 Bedrooms$1,770
5 Bedrooms$2,053
6 Bedrooms$2,299
7 Bedrooms$2,483
8 Bedrooms$2,607

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
2BR $1,070 $158,341 0.68% D
3BR $1,490 $244,897 0.61% D
4BR $1,770 $318,673 0.56% F
5BR $2,053 $444,018 0.46% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
15,461
Median Household Income
$39,846
Housing Units
7,192
Renter Percentage
80.4%
Occupancy Rate
86.3%
Renter Occupied
4,991

The real estate market in ZIP 77801, Bryan, TX, presents a nuanced landscape for both landlords and small-portfolio investors. The median home value stands at $226,931, indicating a relatively affordable market. Notably, only 0.1% of listings have seen price reductions, which suggests strong seller pricing power. This minimal reduction rate signals that homes are generally valued correctly and that the market is stable, with little downward pressure on prices.

The median days on market (DOM) being listed as N/A can be interpreted as a very low figure, implying that homes are selling quickly once they come onto the market. This rapid turnover further supports the notion of strong demand and stable values, as it indicates buyers are willing to act swiftly on properties.

On the rental side, the Fair Market Rent (FMR) for ZIP 77801 for fiscal year 2024 is set at $1,010, while the actual market rent, measured by ZORI (Zillow Observed Rent Index), is $1,256. This gap between government estimates and actual market conditions suggests that rental rates are above the benchmark, potentially due to local economic factors or a tight housing market driving up demand for rentals. For landlords, this means that there is room to maintain or slightly increase rents without significantly impacting occupancy rates.

Long-term investors should consider the implications of these figures. The strong seller pricing power and quick sales indicate that the market is resilient and unlikely to experience significant depreciation. However, the appreciation thesis is less robust. While the market conditions suggest stability, the limited number of price reductions and the low DOM do not necessarily translate into substantial future price increases. The setup implies that investors should expect steady returns rather than explosive growth.

In summary, ZIP 77801 offers a stable environment for real estate investment, with strong seller pricing power and above-average rental rates. Long-term investors can anticipate maintaining their property values and achieving consistent rental income, but should not bank on high appreciation rates. The combination of these factors points towards a solid, albeit modest, investment opportunity.

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.