Location: DeWitt County, TX | Metro: Victoria, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
The ZIP code 77974 stands out due to its unique demographic and economic characteristics. With only 695 residents, it has a rental rate of 28.9%, indicating a smaller but significant portion of the population that relies on rented housing. The median income here is $54,250, which is relatively modest compared to the median home value of $336,706. This suggests that homeownership is a significant financial commitment for those who choose to own property in this area.
When it comes to Section 8 vouchers, the Federal Market Rent (FMR) for ZIP 77974 is set at $1,340 for fiscal year 2024. In contrast, the Census American Community Survey (ACS) reports the market rent at $1,079. This means that landlords accepting Section 8 vouchers can expect to receive a higher rent amount than the current market average, making it an attractive option for property owners in this ZIP code.
The data signature for ZIP 77974 indicates a stable environment. The relatively high median home value coupled with a modest median income suggests a steady demand for affordable rental options. However, the low number of residents and the specific economic conditions make it a niche market. Landlords should be aware of the potential for transitional shifts if there are changes in local employment or if new developments alter the housing landscape.
In summary, ZIP 77974 offers a favorable opportunity for landlords to accept Section 8 vouchers, with the federal rent support exceeding the market rent by $261 per month. This discrepancy provides a buffer against potential market fluctuations and ensures a reliable income stream for property owners in this ZIP code.
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.