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)
52,639 The median income in ZIP code 77859 suggests that many residents may qualify for housing assistance programs. 30.3% A significant portion of the population in this area are renters, indicating a high demand for rental properties. 980 For landlords and small-portfolio investors, the Fair Market Rent (FMR) set at $980 for the fiscal year 2024 provides a benchmark for rental pricing in this area. 665 However, the actual market rent, as reported by the Census ACS, stands at $665, which is below the FMR. This discrepancy presents an opportunity for investors to offer competitive rates while still adhering to government guidelines. 202,845 The median home value in the region is $202,845, reflecting a moderate cost of living and potentially stable property values. 0.2% Furthermore, the low price-cut share of 0.2% indicates that properties are generally selling at their listed prices, suggesting strong market conditions. N/A-day The average days on market (DOM) is not available, but given the low price-cut share, it's reasonable to infer that homes in this area sell relatively quickly. 980 Given the $980 FMR, participating in the Section 8 program can be a viable option for landlords looking to ensure steady occupancy and income. 665 With the market rent at $665, there is room for landlords to increase their rates without pricing out potential tenants who rely on subsidies. 30.3% Considering the 30.3% renter share, there is a substantial pool of potential tenants interested in rental properties. 52,639 In light of the median income of $52,639, many residents are likely to seek affordable housing options, making Section 8 properties attractive. 980 For landlords in ZIP code 77859, the $980 FMR offers a clear guideline for setting rental rates that comply with the Section 8 program while remaining competitive in the local market.
980 Based on the analysis of the ZIP code 77859 data, the Section 8 program remains a valuable tool for landlords and small-portfolio investors, providing stable returns and a reliable tenant base.
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.