Section 8 Fair Market Rent (FMR) for ZIP 78553 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 78553, located in Texas, is a growing area that offers potential opportunities for real estate investors, particularly those interested in the Section 8 housing market. The Fair Market Rent (FMR) for this region provides a solid baseline for rental pricing, while other metrics such as median home values and median incomes offer insights into the broader economic landscape.

• Fair Market Rent (FMR): For 2024, the FMR in ZIP 78553 is set at $970, offering a clear benchmark for rental properties seeking to participate in the Section 8 program.
• Market Rent: Current market rent data for ZIP 78553 is not available, making it difficult to compare against the FMR and gauge the potential profitability outside of Section 8.
• Median Home Value: Data on the median home value for ZIP 78553 is currently unavailable, which limits our ability to assess the overall property value trends in the area.
• Renter Share: The percentage of renters in ZIP 78553 is not documented, complicating efforts to understand the local demand for rental housing.
• Days on Market (DOM): Information regarding the average number of days properties remain on the market before being sold is not available, leaving a gap in understanding how quickly properties sell in this area.
• Median Income: The median income figure for ZIP 78553 is also missing, which is crucial for evaluating the financial stability and earning capacity of potential tenants.

Investors looking to enter the real estate market in ZIP 78553 should focus on the Section 8 program given the clear FMR figure. However, the lack of detailed market data makes it challenging to fully assess the potential for returns outside of government assistance programs. Landlords and small-portfolio investors should consider conducting further research to fill these informational gaps and make informed decisions about investment opportunities in this area.

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.