Location: Colorado County, TX | Metro: Colorado County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
The market analysis for Section 8 investors targeting ZIP code 78951 in Colorado County, TX, reveals a critical insight into the financial dynamics of housing assistance and rental pricing. The HUD Fair Market Rent (FMR) for the metro area, including ZIP 78951, is set at $1,150 for fiscal year 2026. This figure represents the maximum amount that voucher holders can pay towards rent under the Section 8 program.
Unfortunately, the specific market rent data for ZIP 78951 is currently unavailable, which makes it challenging to directly compare the HUD FMR against local rental rates. However, based on the general trend in the broader Houston metropolitan area, where ZIP 78951 is located, voucher tenants typically cashflow at the FMR rate but may require premium units to achieve positive cashflow. This means that landlords and small-portfolio investors might find it necessary to offer slightly above-average properties to attract these tenants effectively.
The median home value for ZIP 78951 is also not available, which limits our ability to calculate a precise rent-to-price ratio. Nonetheless, this metric is crucial for understanding the overall economic landscape and how rental income compares to property values. In similar areas, the rent-to-price ratio often indicates whether renting or buying is more financially advantageous, but without the exact figures, we cannot provide a definitive comparison.
The Days on Market (DOM) and price cut share percentages are also missing for ZIP 78951. These statistics would be useful for assessing the liquidity of the housing market and the frequency of price adjustments, which could impact the decision-making process for investors considering both rental and purchase opportunities.
In conclusion, while specific market rent and home value data for ZIP 78951 are currently unavailable, the HUD FMR of $1,150 suggests that voucher tenants will likely cashflow at this rate but only marginally. Investors should focus on premium units to ensure better cashflow. The strongest angle for investors in this market remains the stability provided by the Section 8 program, which ensures a consistent and government-backed source of rental income.
Data Sources: FMR data from HUD (2027).
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.