Location: College Station-Bryan, TX | Metro: College Station-Bryan, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
ZIP code 77805 is located in an area of Texas known as Unknown, TX. This neighborhood lacks detailed demographic data, including its total population, the percentage of residents who are renters, and the median income and home values. Despite these gaps in information, the area has a defined Fair Market Rent (FMR) rate set by HUD, which is crucial for Section 8 investors.
The FMR for ZIP 77805 in fiscal year 2024 is set at $1150. This figure is important because it represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program. However, without specific data on the local market rent, it's challenging to compare how competitive this rate is against the broader housing market in the region. Typically, FMR rates aim to reflect the average rent levels in an area, but discrepancies can occur depending on the local real estate dynamics.
Given the limited data available, ZIP 77805 appears more suited to a hands-off voucher operator rather than a hands-on value-add buyer. The lack of detailed economic indicators suggests a less volatile market, making it ideal for investors looking to secure steady cash flows through the Section 8 program without the need for active property management or significant renovations. For those interested in maximizing returns through value-add strategies, areas with more comprehensive data and higher potential for market appreciation would be preferable.
Investors should also consider the broader context of the local real estate market, including the demand for subsidized housing and the overall stability of the neighborhood. While the FMR provides a clear guideline for rental rates, understanding the underlying factors that influence these rates can help inform investment decisions.
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.