Location: Milam County, TX | Metro: Milam County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,420 |
| 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 Fair Market Rent (FMR) for ZIP code 77857 in Milam County, TX, is $1,030 for fiscal year 2026. This figure is comparable to the average FMR for the county, which typically ranges around this amount. The market rent at $1,080 is slightly above the FMR, indicating a competitive yet stable rental market.
The median home value of $383,797 in 77857 is notably higher than the average home value in the broader Milam County. This suggests that 77857 is a mid-tier neighborhood, offering a balance between affordability and higher property values. The 10.7% renter share is also indicative of a predominantly owner-occupied area, which is consistent with the rural characteristics of Milam County.
To further clarify the position of ZIP 77857 within the Milam County, TX metro, we need to compare these figures with the average metrics for the entire county. However, the specific average FMR, market rent, and renter share for Milam County ZIP codes were not directly provided in the web search results. We can infer that 77857 is not a value pocket due to its higher home values, nor is it a premium sub-market given its modest FMR and market rent figures.
Therefore, ZIP code 77857 is best characterized as a mid-tier neighborhood within the Milam County, TX metro. It offers a blend of reasonable rental costs and higher property values, making it a balanced option for both landlords and small-portfolio investors. The divergence of having a lower renter share with higher home values does not signal a typical Section 8 sweet spot; rather, it reflects a community where homeownership is more prevalent.
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.