Location: Leon County, TX | Metro: College Station-Bryan, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
U.S. Census Bureau data (2024)
The ZIP code 77865 represents a small, residential area with a total population of 1,510. Only 14.4% of the residents are renters, indicating a primarily owner-occupied community. The median household income stands at $67,114, suggesting a middle-class neighborhood where residents have stable financial conditions. The median home value in the area is $383,466, reflecting a moderate housing market.
Turning to the rent economics, the Fair Market Rent (FMR) for ZIP 77865 as of the fiscal year 2024 is set at $970. This figure contrasts sharply with the market rent, which according to Census ACS data, averages around $2,050 per month. The significant gap between the FMR and the market rent implies that Section 8 vouchers may not cover the full cost of renting properties in this ZIP code.
Given these economic realities, ZIP 77865 is more suited for a hands-on value-add buyer rather than a hands-off voucher operator. Landlords and small-portfolio investors should be prepared to manage properties actively, possibly offering amenities or improvements to attract tenants willing to pay the difference between the voucher amount and the actual rent. While the low percentage of renters might suggest limited opportunities for rental investment, the potential for higher rents through added value could make it an attractive option for those willing to invest time and resources into property management and enhancement.
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.