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 |
|---|---|---|---|---|
| 2BR | $1,300 | $209,684 | 0.62% | D |
| 3BR | $1,560 | $354,193 | 0.44% | F |
| 4BR | $1,720 | $563,213 | 0.31% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 77968, Inez, TX, is set at $1070 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; it's the payment standard used by the Housing Choice Voucher Program.
To put this into perspective, the average rent for the area is currently $847, according to recent Census Bureau data. This means that the FMR is higher than the typical market rate, which could be beneficial for landlords participating in the program.
In ZIP 77968, 15.2% of residents are renters. This indicates a moderate demand for rental properties, but it's essential to understand that Section 8 tenants represent a specific segment of the rental market. Given the median home value in the area is around $363,180, purchasing a property for use in the Section 8 program requires careful consideration of acquisition costs versus potential rental income.
If you're thinking about your first Section 8 rental in Inez, TX, ensure that your property meets the housing quality standards set by the program. This is a critical step because if your property does not pass the inspection, you won't be able to participate in the program despite having an interested tenant.
Before making your decision, verify that your property is in good condition and ready for inspection. This will save you time and effort and ensure that you can take advantage of the guaranteed $1070 per month for your rental unit in ZIP 77968.
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.