Section 8 Fair Market Rent (FMR) for ZIP 78592 - 2027
Location: Brownsville-Harlingen, TX | Metro: Brownsville-Harlingen, TX MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $850 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
A skeptical investor might have several concerns about investing in ZIP 78592 (Santa Maria, TX). Let's address these concerns with the available data.
- Will FMR $910 (zip FY 2024) cover the mortgage on a home?: According to recent real estate listings on Zillow and Trulia, there isn't sufficient data to determine the average home price in ZIP 78592. However, NeighborhoodScout indicates that the median household income in this area is significantly below the state average. Given this, it's important to note that the Fair Market Rent (FMR) of $910 may not be sufficient to cover the mortgage on a typical home in this area without further analysis of local mortgage rates and home values.
- Is there enough renter demand at 0.0%?: The rental market in ZIP 78592 appears to be quite limited, with only 16.5% of the population being renters. Moreover, the data shows that 0.0% of houses and apartments are available for rent, indicating a scarcity of rental properties. This suggests that while there is some demand, the market is not heavily saturated with rental opportunities. To better understand the potential demand, it would be necessary to analyze broader regional trends and the availability of rental properties in nearby areas.
- Will vouchers keep pace with market rents?: There is no specific data available regarding the utilization rate of vouchers in ZIP 78592. However, the HUD Housing Choice Voucher (HCV) Data Dashboard provides national trends and can be used to infer that voucher payments are generally adjusted annually to reflect changes in market rents. While the FMR Lookup Tool and VoucherRents website offer current payment standards for Section 8 vouchers, the exact correlation between these adjustments and the local market rents in ZIP 78592 cannot be determined without more localized data.
The data does not provide a comprehensive picture of the rental market in ZIP 78592, particularly concerning the average home price and the precise utilization rate of vouchers. Therefore, it's crucial to conduct additional research and consult local real estate experts to gain a clearer understanding of the investment landscape.
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.