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 ZIP code 78836 presents a mixed picture for real estate investors considering the Section 8 program. Skeptical investors might question whether the Fair Market Rent (FMR) of $970 for the fiscal year 2026 will adequately cover the mortgage on a property. However, without specific mortgage costs, it's challenging to definitively state whether this FMR will suffice. Investors should calculate their own mortgage expenses to determine if this rent amount meets their financial needs.
A second concern could be the level of renter demand in the area, which stands at 74.2%. While this percentage indicates a moderate level of demand, it does not guarantee that all units will be occupied at any given time. A 74.2% occupancy rate suggests that there is competition among rental properties, but it also implies that there are enough renters interested in the area to potentially fill vacancies relatively quickly. This demand, however, must be balanced against the supply of available units and the overall economic conditions of the region.
Lastly, investors may wonder if the Section 8 voucher program will keep pace with the local market rents. The data provided does not include specific market rent figures for comparison with the voucher amounts. Therefore, while it's reasonable to assume that the voucher program aims to cover typical rental costs, the actual alignment between voucher payments and market rents must be verified through local real estate market analysis. Without concrete figures, it's impossible to assert with certainty that vouchers will consistently match or exceed the FMR of $970.
In summary, while the FMR and occupancy rates offer some guidance, investors need to conduct further research into specific mortgage costs and the relationship between voucher amounts and market rents to make informed decisions about investing in ZIP 78836 under the Section 8 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.