Location: Willacy County, TX | Metro: Willacy County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 78594 is set at $970 for the metro area fiscal year 2026. This figure represents the payment standard for Section 8 vouchers, which is the amount that the government will pay towards your tenant's rent. It does not reflect the total rent you can charge; rather, it is the maximum subsidy amount.
To put this into perspective, the average rent in ZIP 78594, based on Census ACS data, is $326. The FMR is significantly higher than this average, indicating that landlords who participate in the Section 8 program can potentially receive a higher subsidy compared to typical market rates.
With a renter share of 37.8%, there is a substantial demand for rental properties in this area. This high percentage suggests that nearly four out of every ten households are renters, making it a viable market for those looking to enter the rental business through Section 8.
The median household income in ZIP 78594 is $107,679. This figure helps determine the potential acquisition cost of a property in this area. Given the higher income levels, you might find that property values are also elevated, reflecting the overall economic conditions of the region.
Before committing to a Section 8 rental property in ZIP 78594, verify that the property meets the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for tenants. Compliance with HQS is mandatory for acceptance into the Section 8 program and must be maintained throughout the lease period.
In summary, the FMR of $970 provides a clear benchmark for the subsidy you can expect. With a renter share of 37.8%, there is a strong demand for rentals. The median household income of $107,679 gives insight into the potential costs and value of properties. Ensure your property meets HQS to avoid any issues once you're part of the program.
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.