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 |
The rental market in ZIP 77806, located in Texas, presents a scenario where demand appears to be closely aligned with supply, given the current snapshot of data. The Fair Market Rent (FMR) for the area stands at $1150 for fiscal year 2024, indicating a stable benchmark for rental pricing that landlords can adhere to for maintaining occupancy rates.
A notable absence in the data is the specific figure for market rent, which suggests that either there isn't a significant variance from the FMR or that the data collection for this metric is insufficient or irregular. This lack of variance between FMR and market rent often points to a market where competition among landlords is balanced, ensuring that rents remain consistent with the government's fair market guidelines.
The percentage of price-cut share being listed as N/A implies that there is limited data on how frequently landlords need to reduce their asking rents to attract tenants. Similarly, the days on market (DOM) also lacking a figure suggests that properties typically do not stay vacant for extended periods, pointing towards a healthy turnover rate and steady tenant interest.
The median home value being listed as N/A indicates that homeownership data is incomplete or not readily available, which could mean that the area has a predominantly rental-based housing structure. This is further supported by the N/A% renter share, though the absence of this figure makes it challenging to draw definitive conclusions about the proportion of renters versus owners. However, the high reliance on rental housing, as suggested by the focus on FMR and the absence of homeowner metrics, implies long-term housing pressure due to the likely presence of a significant transient population or affordability issues that prevent many residents from purchasing homes.
In summary, ZIP 77806 exhibits characteristics of a market where demand meets supply, with rental prices adhering to the established FMR. The lack of specific data on market rent and price-cut shares suggests a well-regulated environment without excessive landlord concessions. The strong rental market hints at underlying pressures that favor leasing over buying, but precise long-term implications require more detailed analysis.
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.