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 | $1,240 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,560 | $200,886 | 0.78% | D |
| 3BR | $1,860 | $262,363 | 0.71% | D |
| 4BR | $2,110 | $367,364 | 0.57% | F |
| 5BR | $2,448 | $514,269 | 0.48% | F |
U.S. Census Bureau data (2024)
The rental market in ZIP 77904, Victoria, TX, is characterized by a strong presence of renters, with a 31.6% renter share indicating sustained long-term housing pressure. This dynamic suggests that a significant portion of the population prefers or requires rental accommodation, which can be a positive sign for landlords and small-portfolio investors looking to capitalize on steady demand.
The Fair Market Rent (FMR) for the area stands at $1350 for fiscal year 2024, while the actual market rent, measured by Zillow's ZORI, is slightly higher at $1,427. This close alignment between FMR and market rent signals a balanced market where rents are reflective of government benchmarks but also adjusted to local conditions.
A 0.2% price-cut share indicates that very few landlords are reducing their rents to attract tenants, suggesting that the current rental rates are acceptable to the market. The days on market (DOM) figure of 48 days is relatively low, implying that properties are being rented quickly once they come onto the market. This rapid turnover supports the idea that demand for rentals is robust in this area.
The median home value of $279,060 is another key metric. In a scenario where home values are not significantly outpacing rental income, it can indicate that the cost of homeownership is high relative to renting, further encouraging the rental market.
In summary, ZIP 77904 appears to be a market where demand is likely outpacing supply, driven by a substantial renter share and supported by quick property turnovers and minimal price cuts. These factors contribute to a stable and potentially lucrative environment for rental property investment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.