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 Fair Market Rent (FMR) for ZIP code 77841 in fiscal year 2024 is set at $1150. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; it's the benchmark against which the rent is determined.
In comparison to the local average rent, which is currently N/A, the FMR of $1150 gives you an idea of how competitive your rental pricing should be. If the local average is lower than $1150, you might find that your rental property is priced higher than market rates, which could affect occupancy. Conversely, if the local average is higher, your property may be more affordable for potential tenants.
The demand for rentals in ZIP 77841 is reflected by the N/A% of residents who are renters. This percentage indicates the portion of the population that relies on rental housing, providing insight into the potential tenant pool. A higher percentage suggests a larger demand for rental properties, which can be beneficial for maintaining occupancy.
When acquiring a property for Section 8 in ZIP 77841, consider the typical home value, which is N/A. This figure helps you understand the investment required and whether the property is worth the effort given the FMR and local rent trends. Remember, the key to success in Section 8 is not just about the initial purchase price but also about the ongoing management and compliance with HUD standards.
Before committing to a Section 8 rental, verify that the property meets all the necessary quality standards set by HUD. These standards ensure that the living conditions are safe and decent for tenants. Failure to meet these criteria can result in penalties and loss of income, so it's crucial to confirm that your property complies fully.
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.