Section 8 Fair Market Rent (FMR) for ZIP 78522 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 78522 in fiscal year 2024 is set at $970. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is designed to help low-income families afford housing. It's important to note that this is not the actual rent you will receive; it is the benchmark used by the Housing Choice Voucher Program to determine the rent subsidy for eligible tenants.

In ZIP 78522, the local median rent is listed as N/A, making direct comparisons challenging. However, the N/A% of residents who rely on rental assistance indicates a strong demand for affordable housing options. This percentage suggests that there are many potential tenants who could benefit from your property being part of the Section 8 program.

The acquisition cost, or the amount you might need to invest in preparing your property to meet the necessary standards for the program, is also noted as N/A. While this doesn't provide a specific figure, it's essential to ensure that your property meets all health and safety requirements as mandated by the Section 8 guidelines. Failure to comply can result in penalties or loss of participation in the program.

Before deciding to participate in the Section 8 program with a property in ZIP 78522, verify that your property meets the minimum property condition standards. This includes ensuring that the home is safe, decent, and sanitary for occupancy. A thorough inspection by a qualified inspector can confirm compliance with these requirements.

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.