Location: Swisher County, TX | Metro: Amarillo, TX HUD Metro FMR Area
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 | $820 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $220,851 | 0.68% | D |
U.S. Census Bureau data (2024)
ZIP code 79042, located within Swisher County, TX, presents a unique profile when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 79042 is set at $940 for fiscal year 2024, which is notably lower than the average market rent of $1,081. This indicates that the area is more affordable for low-income renters who might be eligible for Section 8 housing assistance.
The median home value in ZIP 79042 is $181,419, which is indicative of a relatively modest property market. This figure suggests that homeownership is accessible to a broader range of individuals, particularly those with moderate incomes. However, the renter share in this ZIP code stands at 18.8%, slightly above the average for Swisher County, TX, where the typical renter share is around 15-16%.
Given the specific figures, ZIP 79042 can be classified as a value pocket within its metro. The lower FMR compared to the market rent points towards an area where rental properties are more likely to attract Section 8 participants. Additionally, the higher-than-average renter share combined with below-average home values suggests that this ZIP code could be particularly attractive for landlords and small-portfolio investors interested in the Section 8 program. This combination often signifies a sweet spot for Section 8 properties, where there's a good balance between demand from eligible renters and manageable investment costs.
To further substantiate this analysis, consider the following:
The disparity between the FMR and market rent indicates a potential for landlords to receive higher subsidies relative to the actual cost of renting in the area.
The modest home values suggest that the overall cost of living in the area is lower, which could mean that maintenance and property management expenses are also comparatively less.
In conclusion, ZIP 79042 offers a compelling opportunity for investors looking to leverage the Section 8 program due to its favorable characteristics such as lower FMR, modest home values, and a slightly elevated renter share.
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.