Location: Ochiltree County, TX | Metro: Ochiltree County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
Skeptical investors looking at ZIP 79033 might have several concerns regarding the viability of participating in the Section 8 program. Here are some common objections and how the data addresses them:
The Fair Market Rent (FMR) of $990 for ZIP 79033 in fiscal year 2026 is a critical figure for landlords. However, without knowing the average home price or typical mortgage payments in this area, it's impossible to definitively state whether this FMR will cover the mortgage costs. Landlords must compare this FMR against their specific mortgage obligations to determine if participation in the Section 8 program is financially viable.
The data showing a 0.0% renter demand rate raises immediate red flags. This suggests that there is no discernible demand for rental properties in ZIP 79033, which could indicate an oversupply of housing or other economic factors deterring renters. Such low demand could make it difficult to find tenants willing to pay the FMR, let alone those who qualify for Section 8 assistance. Landlords should investigate local market conditions and consider diversifying their investment portfolio to include areas with higher tenant demand.
The question of whether vouchers will match the market rents in ZIP 79033 cannot be answered with the available data, as the market rents are not specified. Historically, voucher amounts have struggled to keep up with rising market rents in many areas. If market rents in 79033 are significantly higher than the FMR, landlords may find themselves subsidizing the difference, which can erode profitability. It's crucial for investors to research the trend of voucher increases relative to market rent growth in this ZIP code to assess long-term financial sustainability.
While the FMR provides a baseline for rental income, the lack of specific data on home prices, mortgage costs, and market rents means that additional due diligence is necessary to fully evaluate the risks and rewards of investing in ZIP 79033 under the Section 8 program. The absence of renter demand also poses a significant challenge that requires further investigation into local market dynamics.
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.