Section 8 Fair Market Rent (FMR) for ZIP 77830 - 2027

Location: Grimes County, TX | Metro: Grimes County, TX

Investment Score for ZIP 77830

N/A

Monthly Rent (2BR)

$1,210

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$920
1 Bedroom	$960
2 Bedrooms	$1,210
3 Bedrooms	$1,470
4 Bedrooms	$1,740
5 Bedrooms	$2,018
6 Bedrooms	$2,260
7 Bedrooms	$2,441
8 Bedrooms	$2,563

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	$1,470	$617,728	0.24%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,238

Median Household Income

$102,557

Housing Units

1,453

Renter Percentage

11.5%

Occupancy Rate

80.2%

Renter Occupied

134

Located in the Houston metropolitan area, ZIP code 77830 offers a blend of suburban living and urban accessibility, making it an attractive location for both homeowners and renters. The area benefits from its proximity to major employment hubs and amenities while maintaining a quieter, residential atmosphere.

The Fair Market Rent (FMR) for ZIP 77830 is set at $1,110 for the fiscal year 2026, reflecting the average rent that low- to moderate-income families can afford.
The actual market rent in the area, according to the latest Census American Community Survey (ACS), is slightly higher at $1,153, indicating a competitive rental market.
The median home value in ZIP 77830 stands at $538,953, suggesting a middle-class neighborhood with a mix of owner-occupied homes and rentals.
Renters make up 11.5% of the housing stock, which is relatively low compared to other areas, pointing towards a strong homeownership culture but also leaving room for growth in the rental sector.
The median household income in the area is $102,557, indicating a robust local economy capable of supporting higher rents and property values.

For landlords and small-portfolio investors, the data suggests a stable investment environment with modest rental income potential. While the renter share is lower than some other ZIP codes, the high median income points to a financially secure tenant base. The gap between the FMR and market rent indicates that there's room for pricing adjustments without being out of line with government guidelines. Overall, ZIP 77830 presents a balanced opportunity for those looking to invest in a suburban setting with strong economic underpinnings.

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.