Location: Dimmit County, TX | Metro: Dimmit County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 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 analysis of ZIP code 78827 within Dimmit County, TX reveals several key points when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for 78827 is set at $970 for fiscal year 2026, which is notably higher than the market rent figure of $456. This discrepancy suggests that 78827 could be considered a value pocket for landlords and investors who can leverage the higher FMR to secure better rental income while still offering competitive rates to tenants.
The renter share in 78827 stands at 37.8%, which is relatively high. Given the absence of specific home value data for this ZIP code, it's reasonable to infer that the combination of a high renter share and lower-than-FMR market rents indicates a potential sweet spot for Section 8 properties. Landlords operating in 78827 can expect a robust demand from renters eligible for housing assistance, making this area particularly attractive for those focused on government-subsidized housing programs.
To further contextualize these findings, let’s consider the broader implications for investors and landlords. A ZIP code with an FMR significantly above the market rent typically offers opportunities to attract a wider range of tenants, including those receiving Section 8 vouchers. The high renter share in 78827 suggests that a substantial portion of the population relies on rental housing, indicating a stable and potentially growing market for rental properties.
Investors should also note the absence of home value data for 78827. While this makes direct comparisons difficult, it aligns with the pattern often seen in value pockets where property values might be lower due to various factors such as location, infrastructure, or economic conditions. However, the higher FMR can offset these potential disadvantages, providing a solid financial basis for rental investments.
In summary, ZIP code 78827 appears to be a value pocket within the Dimmit County, TX metro, characterized by a high renter share and a significant gap between the FMR and market rent. This environment presents a favorable scenario for landlords and investors seeking to capitalize on Section 8 opportunities without the risk of overpaying for property acquisition or management costs.
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.