Location: Hutchinson County, TX | Metro: Hansford County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 79062 presents a nuanced picture for both landlords and small-portfolio investors. With the median home value currently unavailable, it's important to consider other indicators such as the percentage of listings that have been reduced and the median days on market (DOM), which are also currently not provided. These missing metrics suggest that there might be limited recent data available, making it difficult to pinpoint precise trends in home value appreciation or depreciation.
On the rental side, the Fair Market Rent (FMR) for ZIP 79062 is projected at $1,020 for fiscal year 2026, while the current market rent stands at $630 according to the Census ACS. This significant gap between the projected FMR and the current market rent indicates potential upward pressure on rental prices. As the area approaches the FMR, landlords can expect to see gradual increases in rental income, assuming the local economy supports higher rents.
For long-term investors, the setup suggests a realistic appreciation thesis based on the anticipated growth in rental values. However, without specific historical data on home value changes, it's prudent to focus on the rental income potential rather than speculative home value appreciation. The disparity between the FMR and the current market rent signals an opportunity for landlords to adjust their rental rates incrementally towards the FMR level as the market conditions evolve.
Investors should also monitor broader economic indicators and local developments that could influence property values and rental demand. While the exact appreciation rate cannot be determined from the given data, the trend towards higher rental prices does imply a positive outlook for rental income in the coming years.
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.