Location: Victoria, TX | Metro: Victoria, TX MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,120 | $59,509 | 1.88% | A+ |
| 2BR | $1,390 | $103,565 | 1.34% | A |
| 3BR | $1,660 | $163,700 | 1.01% | B |
| 4BR | $1,880 | $274,016 | 0.69% | D |
| 5BR | $2,181 | $281,417 | 0.78% | D |
U.S. Census Bureau data (2024)
The ZIP code 77901 in Victoria, TX, stands out as a renter-heavy area with significant voucher demand. With a population of 39,854, nearly half (46.5%) of the residents are renters, indicating a robust rental market. The median household income in this ZIP is $57,923, which is relatively modest compared to other metropolitan areas.
The average market rent in ZIP 77901 is $1,123 per month. This represents approximately 23% of the median household income, suggesting that a substantial portion of the monthly earnings is allocated towards rent. It's worth noting that the Fair Market Rent (FMR) for this area, as set by HUD for FY 2024, is $1,270. This means that the actual market rent is slightly below the FMR, which could indicate a slight affordability advantage for tenants using vouchers.
In terms of voucher availability, the high percentage of renters in ZIP 77901 suggests a deep voucher demand. Landlords can expect a steady flow of potential tenants who rely on housing vouchers to cover their rent. These tenants typically have a strong need for affordable housing and are likely to be low-income families, individuals with disabilities, or elderly residents who qualify for government assistance.
A landlord operating in ZIP 77901 should prepare for a tenant pool that includes a significant number of voucher holders. Given the income levels and the cost of living, these tenants will likely appreciate properties that offer good value for money. Landlords should ensure their properties meet the quality standards required by the Housing Choice Voucher program to attract and retain such tenants. Additionally, understanding the intricacies of working with housing authorities and managing Section 8 properties is essential for success in this market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.