Location: Victoria, TX | Metro: Victoria, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
To classify ZIP code 77902 in Unknown, TX, we must analyze both yield and stability factors based on the available data. The Fair Market Rent (FMR) for ZIP 77902 in fiscal year 2024 is set at $1280. However, specific market rent figures and median home values for this area are not provided, making it challenging to directly compare FMR against these metrics.
The primary yield indicator here is the FMR of $1280, which represents the maximum monthly rental assistance payment that can be made to landlords who participate in the Housing Choice Voucher program. This figure suggests that properties in ZIP 77902 could generate a significant yield if they are rented out through the Section 8 program, assuming the property values and typical market rents are lower than this threshold. Without specific market rent data, we cannot definitively state whether this represents a high-yield opportunity compared to other markets.
Moving to stability, the percentage of renters, average days on the market (DOM), and median household income are all listed as 'N/A'. This lack of data makes it difficult to assess the stability of the rental market in ZIP 77902. Typically, higher percentages of renters and shorter DOM periods indicate a more stable rental environment, but we cannot draw such conclusions here due to missing information. Similarly, median household income is a key factor in understanding the financial health of potential tenants, which is critical for long-term stability.
In summary, ZIP 77902 appears to offer a potentially high-yield market based on the FMR of $1280, which could be advantageous for landlords participating in the Section 8 program. However, the classification of this market as either high-yield/low-stability or steady-cashflow remains ambiguous due to insufficient data regarding the local rental market conditions and tenant financial stability. Additional research into market rents and tenant incomes would provide a clearer picture of the overall investment climate.
Data Sources: FMR data from HUD (2027).
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.