Section 8 Fair Market Rent (FMR) for ZIP 77803 - 2027

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

Investment Score for ZIP 77803

D
Monthly Rent (2BR)
$1,130
Median Price (2BR)
$155,499
1% Rule
0.73%
Annual Yield
8.72%

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$990
1 Bedroom$1,040
2 Bedrooms$1,130
3 Bedrooms$1,560
4 Bedrooms$1,860
5 Bedrooms$2,158
6 Bedrooms$2,417
7 Bedrooms$2,610
8 Bedrooms$2,741

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 $1,130 $155,499 0.73% D
3BR $1,560 $219,596 0.71% D
4BR $1,860 $259,646 0.72% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
31,525
Median Household Income
$52,274
Housing Units
10,772
Renter Percentage
36.6%
Occupancy Rate
92.3%
Renter Occupied
3,643

The ZIP code 77803, located in Bryan, TX, within the College Station-Bryan, TX MSA, exhibits characteristics that position it as a mid-tier neighborhood. The Fair Market Rent (FMR) for ZIP 77803 is set at $1,070 for fiscal year 2024, while the average market rent stands at $1,406. This suggests that the rental prices are slightly above the FMR, indicating a market that is somewhat competitive but not excessively so.

The median home value in ZIP 77803 is $203,357, which is reflective of a middle-class area where homeownership is accessible to a broad range of income levels. A significant portion of the population in this ZIP code are renters, with a renter share of 36.6%. This percentage is notable, as it suggests a substantial demand for rental properties.

When compared to typical ZIP codes within the College Station-Bryan, TX MSA, the data for ZIP 77803 aligns well with mid-range expectations. The FMR and market rent suggest that it is neither a low-cost value pocket nor a high-end premium sub-market. Instead, it represents a balanced segment of the housing market, where both rental and home ownership options are available.

The relatively high renter share combined with below-average home values for the metro area indicates that there could be an opportunity for landlords and small-portfolio investors who are looking to enter a market with steady demand for rental units. However, it does not necessarily signal a Section 8 sweet spot; rather, it points towards a neighborhood where rental housing is prominent due to factors such as proximity to colleges and universities, which often attract a large number of students and young professionals.

In summary, ZIP 77803 in Bryan, TX, appears to be a mid-tier neighborhood within the College Station-Bryan, TX MSA. It offers a mix of affordable home ownership and competitive rental markets, making it a viable option for investors seeking stability and reasonable returns.

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.