Section 8 Fair Market Rent (FMR) for ZIP 78142 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$930
1 Bedroom	$940
2 Bedrooms	$1,230
3 Bedrooms	$1,520
4 Bedrooms	$1,620
5 Bedrooms	$1,879
6 Bedrooms	$2,104
7 Bedrooms	$2,272
8 Bedrooms	$2,386

Based on the available data, ZIP code 78142, located in Texas, has limited detailed information regarding its population, percentage of renters, median income, and median home value. However, it is known that the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,190.

The lack of specific demographic details makes it challenging to build a precise portrait of the neighborhood. Nonetheless, the FMR figure provides insight into the rental market's expected performance. At $1,190, the FMR suggests that there is a segment of the population capable of paying rents at this level, which could be indicative of the types of tenants attracted to the area.

Given the limited data, it's difficult to determine whether this ZIP code would suit a hands-off voucher operator or require a more hands-on approach for value-add opportunities. The absence of market rent data complicates the analysis further. For landlords and small-portfolio investors, the clarity of the FMR offers a benchmark, but the decision should also consider the broader economic context of the region and the potential for property improvements.

To make a more informed investment decision, additional research into local rental trends, property management needs, and community development plans would be advisable.

Data Sources: FMR data from HUD (2027).

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.