Location: College Station-Bryan, TX | Metro: College Station-Bryan, TX MSA
| 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 |
U.S. Census Bureau data (2024)
The market in ZIP code 77837 is dynamic, reflecting a balance between supply and demand that leans towards a slight surplus of rental units. This inference is drawn from the Fair Market Rent (FMR) set at $930 for the fiscal year 2024, which is notably higher than the actual market rent reported by the Census ACS at $846. The discrepancy suggests that landlords may be adjusting their rents downward to remain competitive, indicating a scenario where supply might marginally exceed demand.
The median home value in ZIP 77837 stands at $188,552, providing insight into the overall economic landscape and homeownership trends. However, the absence of specific data on price-cut share and days on market (DOM) prevents a more detailed analysis of the speed at which properties are being sold or the extent to which sellers must reduce their asking prices to attract buyers.
A key metric in understanding the long-term housing pressure in ZIP 77837 is the renter share, which is currently at 28.3%. This figure suggests that nearly a third of the population prefers or is compelled to rent rather than own property. Such a significant proportion of renters can indicate a persistent demand for rental properties, driven by factors such as affordability, mobility, or the preference for renting over buying. This trend implies ongoing pressure on the rental market, potentially leading to steady occupancy rates but also suggesting that landlords must maintain competitive pricing to retain tenants.
In summary, ZIP 77837 presents a market characterized by a slight surplus of rental units, with rents slightly below the FMR benchmark. The high renter share points to a robust and enduring demand for rentals, which could influence future investment strategies for landlords and small-portfolio investors alike.
Data Sources: FMR data from HUD (2027). 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.