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 | $1,040 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,560 | $136,685 | 1.14% | B |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 77951 in fiscal year 2024 is set at $1070. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit in this area. It's important to note that this is the payment standard set by the government, not the actual rent that tenants will pay. The tenant is responsible for paying a portion of the rent, which is typically 30% of their income.
To put this into perspective, the average rent for a two-bedroom apartment in ZIP 77951, based on Census American Community Survey data, is around $745. This indicates that the FMR is higher than the typical market rate, providing a potential buffer for landlords who may be concerned about covering their costs.
The demand for rentals in this area is strong, with approximately 27% of households being renters. This suggests a healthy market for those looking to enter into Section 8 housing as a landlord. Additionally, the median household income in ZIP 77951 is $112,326, which can give you an idea of the property value and acquisition cost if you're considering purchasing a home to convert into a rental.
Before committing to a Section 8 rental in ZIP 77951, it's crucial to verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe and habitable for tenants. They cover a range of issues including structural integrity, heating, plumbing, and electrical systems. Ensuring compliance with these standards will help you avoid any potential delays in getting approved for the program.
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.