Location: Jackson County, TX | Metro: Jackson County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 77962 represents a neighborhood with a total population of 3,491 residents, where 27.2% are renters. The median household income in this area stands at $82,940, indicating a relatively affluent community. The median home value is $221,029, which reflects a stable housing market.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP 77962 as of metro fiscal year 2026 is set at $1,000. In contrast, the Census American Community Survey (ACS) reports the average market rent at $1,075. This suggests that there is a slight premium for market-rate rentals over those supported by Section 8 vouchers.
Given these figures, ZIP 77962 is better suited for a hands-on value-add buyer rather than a hands-off voucher operator. The gap between FMR and market rents indicates potential for rental increases above the voucher amount, but this requires active management to attract tenants willing to pay the difference. Landlords should be prepared to invest in property improvements and maintain high standards to command higher rents. For small-portfolio investors, the opportunity lies in enhancing properties to capture the market premium while still qualifying for Section 8 assistance.
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.