Section 8 Fair Market Rent (FMR) for ZIP 78932 - 2027

Location: Washington County, TX | Metro: Fayette County, TX

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,330
1 Bedroom	$1,450
2 Bedrooms	$1,750
3 Bedrooms	$2,290
4 Bedrooms	$2,500
5 Bedrooms	$2,900
6 Bedrooms	$3,248
7 Bedrooms	$3,508
8 Bedrooms	$3,683

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

576

Median Household Income

$62,917

Housing Units

471

Renter Percentage

14.2%

Occupancy Rate

55.2%

Renter Occupied

ZIP code 78932, located in Texas, is characterized by a robust real estate market that offers opportunities for both landlords and small-portfolio investors. The area's median home value and income levels provide insight into the economic landscape, while the percentage of renters and Fair Market Rent (FMR) indicate the potential demand for rental properties.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,670. This figure reflects the average rent for a moderately-priced rental unit suitable for a family of four and serves as a benchmark for rental pricing.
The median home value in ZIP 78932 stands at $643,752. This high valuation suggests a strong local economy and could translate into higher property values for investment properties.
Renters make up 14.2% of the population in this ZIP code. While this percentage indicates a smaller share of the housing market dedicated to rentals, it still presents a significant opportunity for landlords looking to cater to this segment.
The median household income in the area is $62,917. This income level can influence the ability of residents to afford higher rents, making it crucial for investors to align their rental offerings with the local financial capabilities.
The specific data on market rent and days on market (DOM) for ZIP 78932 is currently unavailable. However, the lack of these metrics does not necessarily mean a weak market but rather highlights the need for further investigation into local rental trends and vacancy rates.

Synthesizing these points, ZIP 78932 offers a stable environment for real estate investments, particularly in rental properties. With a median home value exceeding $640,000 and a median income above $62,000, there is a solid foundation for maintaining or increasing property values. The 14.2% renter share, while not overwhelming, still represents a notable portion of the housing market. Landlords and investors should focus on properties that can command rents close to the FMR of $1,670, ensuring they remain competitive in the local rental market. Further research into specific rental trends and vacancy rates will be necessary to refine investment strategies and maximize returns.

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.