Location: Gonzales County, TX | Metro: DeWitt County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The ZIP code 77994 is situated in a suburban area characterized by a relatively small population of 424 residents. Only 16.4% of these residents are renters, indicating a predominantly owner-occupied community. The median household income in this area stands at a robust $87,589, suggesting that the majority of residents have a high standard of living. However, it's worth noting that the median home value is not available, which might imply a lack of sufficient data points or a unique housing market structure.
From an investment standpoint, the Federal Market Rent (FMR) for ZIP 77994 is set at $1,080 for the fiscal year 2026. This figure represents the maximum amount that a Section 8 tenant can be expected to pay towards their rent subsidy. In contrast, the market rent for the area, according to Census ACS data, is significantly higher at $1,304. This disparity indicates that landlords participating in the Section 8 program would receive a lower rental income compared to the local market rate, but it still provides a steady and government-backed source of income.
Given the characteristics of ZIP 77994, it is more suited for a hands-off voucher operator rather than a hands-on value-add buyer. The low percentage of renters suggests that the demand for rental properties is limited, making it less attractive for those looking to actively manage and improve a portfolio of rental units. Instead, for those interested in Section 8 investments, the focus should be on ensuring compliance with HUD regulations and maintaining a stable income stream through the voucher 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.