Location: Hale County, TX | Metro: Hale County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 79032 in fiscal year 2026 is set at $1,000. This figure represents the maximum amount that a landlord can receive through the Section 8 program for a unit in this area. It's important to note that this is not the amount tenants will pay; it's the payment standard for the housing authority.
While the local median rent for ZIP 79032 is listed as N/A, we can still assess the potential demand for your rental property using the available data. The 7.9% renter share indicates that nearly 8 out of every 100 residents in the area are likely to be looking for rental housing, which suggests a steady demand for affordable housing options.
Regarding the acquisition cost of properties in ZIP 79032, the data provided lists it as N/A. However, you should consider checking local real estate listings or speaking with a local realtor to get an accurate sense of current property values in the area. This will help you determine if the $1,000 FMR aligns with your investment goals and the costs associated with purchasing and maintaining a rental property.
To ensure the viability of your first Section 8 rental in ZIP 79032, verify that your property meets all the necessary inspection criteria and quality standards set by the housing authority. This includes passing a Housing Quality Standards (HQS) inspection, which ensures your rental unit is safe and habitable. Once your property passes this inspection, you can confidently list it under the Section 8 program knowing it complies with the required standards.
In summary, the $1,000 FMR provides a clear guideline for the maximum subsidy you can receive, while the 7.9% renter share indicates a reasonable level of demand. Before proceeding, make sure your property is HQS compliant. This will streamline the process and ensure your investment is protected and profitable.
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.