Location: Colorado County, TX | Metro: Colorado County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
34.4% of residents in ZIP code 78943 are renters, indicating a significant demand for rental properties. In this area, the Fair Market Rent (FMR) for metro FY 2026 is set at $1,120, which provides a benchmark for rental pricing. However, the lack of specific data on market rent suggests that the FMR may serve as a reliable indicator for the local rental market. The median home value in the area stands at $164,926, reflecting a moderate cost for homeownership. For those considering investment in rental properties, the median income of $98,531 offers insight into the financial capacity of potential tenants. Unfortunately, the absence of Days on Market (DOM) and price-cut share percentages limits a comprehensive analysis of the housing market's liquidity and competitiveness. Given the available data, landlords and small-portfolio investors should focus on properties priced around or slightly below the FMR to attract tenants effectively. The high renter share and moderate median home value suggest that rental properties could be well-received. However, the median income figure indicates that tenants may require assistance, making Section 8 participation a viable option for landlords. Section 8 can help ensure steady occupancy while providing a stable source of income.
Based on the figures, landlords in ZIP 78943 should consider participating in Section 8 to capitalize on the strong renter base and moderate property values, ensuring long-term profitability and stability.
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.