Section 8 Fair Market Rent (FMR) for ZIP 78246 - 2027

FY 2027 Fair Market Rent Rates

1450 is the Fair Market Rent (FMR) for ZIP code 78246 in fiscal year 2024, according to HUD standards. This figure represents the upper limit for rental costs covered under the Section 8 program. While the market rent is not available, it's crucial for landlords to understand that the FMR serves as a benchmark for rental agreements with Section 8 tenants. The median home value is also not provided, but this does not diminish the importance of the FMR in guiding rental pricing. With a significant portion of the population relying on rental housing, the lack of data on the renter share does not obscure the fact that Section 8 can be a stable source of income for property owners. The median income data is unavailable, which means landlords must rely on the FMR to ensure their properties are competitively priced yet compliant with federal guidelines. The days on market (DOM) data is not available, indicating that there might be limited recent sales activity in the area, which could affect the liquidity of the real estate market. Similarly, the percentage of homes that have been price-cut is not specified, suggesting that property values may be relatively stable without the need for frequent reductions. In conclusion, despite the absence of some key market indicators, the $1450 FMR provides a clear guideline for landlords in ZIP 78246. For small-portfolio investors, this ZIP code presents an opportunity to offer affordable housing while maintaining financial stability through Section 8 contracts. Section 8 verdict: A viable option for landlords seeking consistent rental income in ZIP 78246.

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.