Location: Sherman County, TX | Metro: Dallam County, TX
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,620 | $181,472 | 0.89% | C |
U.S. Census Bureau data (2024)
The ZIP code 79022 presents a unique challenge for renters and landlords alike. The median income for households in this area stands at $72,286. Given the market rate rent of $1,060, it becomes evident that a significant portion of the population may struggle to find affordable housing. This issue is further exacerbated when comparing the market rate to the Fair Market Rent (FMR) standards set by the government for Section 8 vouchers, which is $1,150.
The disparity between the median income and both the market rate and FMR highlights a substantial affordability gap. At 33.0% of the population being renters, and with a total population of 10,826, the demand for affordable housing is considerable. However, the reality is that many renters might find it difficult to meet the market rate without assistance.
This scenario has implications for landlords looking to maximize their occupancy rates and profitability. While market rate rents provide a higher immediate return on investment, the reliance on Section 8 vouchers can ensure a steady stream of tenants who are able to pay consistently due to the government subsidy. The voucher payment standard of $1,150 is closer to the market rate than the median income suggests, making it a viable option for those who qualify.
The takeaway for landlords considering their rental strategy in ZIP 79022 is clear. There is a strong case for accepting Section 8 vouchers to attract and retain tenants, given the high cost of living relative to the median income. This approach can help navigate the competitive landscape and maintain stable occupancy levels, despite the lower rent compared to the market rate.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.