Location: Lipscomb County, TX | Metro: Lipscomb County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 79034 in Lipscomb County, TX, reveals several key points for potential Section 8 real-estate investments.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, the market rent for the area is not available, making it difficult to compare directly. Given the lack of market rent data, landlords should focus on the FMR figure as their primary benchmark for rental income.
Regarding the affordability of acquisition, the median home value in ZIP 79034 is $111,962. Without specific data on the number of days on market (DOM) and the percentage of homes that have had their prices cut, it's challenging to provide a comprehensive assessment of the local real estate market's pricing dynamics. Nonetheless, the relatively low median home value suggests that acquiring properties could be financially feasible for many investors.
The third question concerns tenant demand. The total population of ZIP 79034 is 418, with a 14.0% renter share. This indicates that approximately 58 individuals are likely to be seeking rental housing. While the number of potential tenants is modest, it aligns with the size of the community and could support a limited number of rental units.
In summary, while the market rent data is unavailable, the FMR of $970 provides a clear target for rental income. The median home value of $111,962 suggests that property acquisition is potentially affordable. With a population of 418 and a 14.0% renter share, there is a defined but small demand for rental housing. Landlords and small-portfolio investors should proceed cautiously, considering the limited scale of the opportunity in this rural ZIP code. The financials are favorable, but the scope of the rental market is constrained by the small population size.
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.