Location: Milam County, TX | Metro: College Station-Bryan, TX MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $277,834 | 0.54% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 77836 is set at $940 for fiscal year 2024. This figure represents the payment standard for Section 8 housing vouchers, meaning that voucher holders will be able to pay up to this amount towards their rent. However, it's important to note that this is not the actual rent you would charge; rather, it's the maximum subsidy amount the government will cover.
In comparison, the average market rent in ZIP 77836 is $1,017 according to recent Census Bureau data. This suggests that while the FMR is slightly below the market rate, there is still potential to attract tenants through the Section 8 program. With 16.1% of the population being renters, there is a steady demand for affordable housing options in this area.
When considering the acquisition cost of a property in ZIP 77836, a typical price point is around $303,412. This investment can be worthwhile if you are prepared to manage a Section 8 rental. The key advantage here is that the government guarantees timely payments, reducing the risk of non-payment compared to traditional rentals.
Before deciding to enter into a Section 8 rental agreement, it's crucial to verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the home is safe and habitable for tenants. While the exact requirements can vary, they typically include checking for structural integrity, proper heating, and ensuring there are no health hazards like mold or lead paint.
To summarize, the FMR of $940 means that the government will cover up to this amount per month in subsidies. Given the average market rent of $1,017, this might require some adjustments to your rental pricing strategy. With a renter share of 16.1%, there is a significant pool of potential tenants who could benefit from the program. At an acquisition cost of about $303,412, it's a substantial investment, but one that can be managed effectively with the right preparation and understanding of the HQS.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.