Location: Jackson County, TX | Metro: Jackson County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,370 |
| 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 analysis for ZIP code 77991 reveals a challenging environment for landlords participating in the Section 8 program. With the annualized Fair Market Rent (FMR) for a two-bedroom apartment set at $1,050 for fiscal year 2026, the implications for gross yield must be considered alongside the median home value and other local metrics.
In the absence of specific market rent data, we can only rely on the FMR for our calculations. Given that the median home value is also not available, we'll focus on the rental aspect. Assuming a two-bedroom apartment is part of a single-family home, the gross yield calculation based on the FMR alone is as follows:
To calculate the gross yield, we would typically divide the annual rental income by the property's value. However, since the median home value is not provided, we cannot compute an exact gross yield. The FMR suggests a total annual rental income of $12,600 ($1,050 x 12 months).
The lack of market rent data complicates the comparison between the FMR scenario and the broader rental market. Typically, market rents can provide a benchmark for assessing the viability of Section 8 participation. Without this information, it's difficult to state whether the FMR represents a competitive rate in ZIP 77991.
The renter density stands at 21.3%, indicating a relatively low proportion of renters in the area. This could suggest a preference for homeownership, potentially impacting the demand for rental properties. Additionally, the days on market (DOM) data being unavailable means we cannot assess how quickly properties are rented out, which is crucial for understanding vacancy rates and overall market activity.
In summary, while the annualized FMR of $12,600 provides a starting point for gross yield calculations, the missing median home value and market rent figures prevent us from making a definitive statement about the attractiveness of the Section 8 program in ZIP 77991. Landlords should consider the low renter density when evaluating the potential returns and risks associated with participating in the program.
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.