Location: Bee County, TX | Metro: Bee County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The median income in ZIP code 78146 stands at $68,250, indicating a moderate economic standing for households. Given the absence of specific market rate data, it's challenging to definitively state whether a household can afford typical rental costs in this area. However, comparing the voucher payment standard of $1,190 per month to the median income offers insight into rental affordability.
The Fair Market Rent (FMR) of $1,190 is the benchmark for Housing Choice Voucher payments in the metro area for fiscal year 2026. This amount is significantly lower than what might be expected for market-rate rents, suggesting that many renters in ZIP 78146 would likely need assistance to cover their housing expenses fully. The 29.1% of the population who are renters, totaling 752 individuals, face a notable affordability gap when seeking housing.
This gap means that landlords will encounter strong competition for tenants who can pay market rates without vouchers. Properties that accept Housing Choice Vouchers will have a more stable tenant pool, but landlords should also consider the financial implications of accepting vouchers versus relying on cash-paying tenants. While vouchers ensure consistent rental income, they might not cover the full market rate, leading to potential financial losses over time.
Takeaway for Landlords: In ZIP 78146, landlords must weigh the benefits of voucher acceptance against the potential for higher cash rents. With a significant portion of the population facing affordability issues, there is a substantial opportunity for landlords to serve voucher recipients, ensuring steady occupancy and income. However, landlords should also prepare for a competitive landscape where attracting cash-paying tenants could require offering more affordable rates or amenities to stay competitive.
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.