Location: College Station-Bryan, TX | Metro: College Station-Bryan, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 77843, which falls under the College Station-Bryan, TX MSA, reveals several key points for potential Section 8 real-estate investors.
First, regarding whether the rent math works, the Fair Market Rent (FMR) for ZIP 77843 in fiscal year 2024 is set at $1150. However, without specific market rent data, it's challenging to directly compare the FMR to the actual market rates. This gap indicates that while the government subsidy covers up to $1150, landlords need to ensure that their rental properties can be rented at or below this rate to qualify for the program.
Second, on the affordability of acquisition, the lack of detailed data on median home values, days on market (DOM), and the percentage of homes needing price cuts suggests that the market dynamics in this area are either stable or require further investigation. Landlords and small-portfolio investors should look into recent sales trends and listings to determine if the current housing stock is affordable to acquire and maintain profitability.
Third, concerning tenant demand, the ZIP code has a population of 8,259. The absence of a specific percentage of renters makes it difficult to quantify the exact demand for rental properties. Nevertheless, given the size of the population, there is likely a significant number of renters who could benefit from Section 8 housing, assuming the local demographics include a substantial portion of low-income families.
In summary, ZIP 77843 presents a viable opportunity for Section 8 investment, contingent upon the ability to find rental properties that can be rented at or below the FMR of $1150. Investors must research the local market to confirm the acquisition costs and the percentage of the population seeking rental housing. Despite the limited data, the presence of a considerable population base supports the potential for sustained tenant demand.
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.