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)
ZIP code 77863, located within the College Station-Bryan, TX MSA, has a Federal Market Rent (FMR) of $970 for fiscal year 2024. This figure is critical for landlords and small-portfolio investors considering properties in this area. To understand its position relative to other ZIP codes in the MSA, we must compare it against typical metrics.
The FMR of $970 indicates the maximum amount that a household receiving federal rental assistance can be charged. If we consider the typical FMR range for the College Station-Bryan, TX MSA to be around $750 to $950, then 77863 is at the higher end of this spectrum, suggesting it might be a slightly above-average cost area within the MSA. However, the lack of market rent and home value data for 77863 makes it challenging to definitively categorize it as either a value pocket, a mid-tier neighborhood, or a premium sub-market.
What stands out is the 63.1% renter share in ZIP 77863. This high percentage suggests a strong demand for rental properties, which is generally positive for landlords. A high renter share combined with an FMR at the upper end of the typical range for the MSA could indicate that 77863 is a prime location for Section 8 properties. The absence of market rent and home value data means we cannot directly compare these figures to the broader MSA, but the high renter share does signal potential attractiveness for federal housing assistance programs.
In conclusion, based on the available data, ZIP 77863 appears to be a valuable consideration for Section 8 real estate investments due to its high FMR and significant renter share. It likely falls into a mid-tier or potentially a premium sub-market category within the College Station-Bryan, TX MSA, given its FMR and strong rental demand. For landlords and investors, this ZIP code offers opportunities to serve a substantial portion of renters who qualify for federal assistance, making it a strategic choice for those interested in this type of investment.
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.