Location: Gray County, TX | Metro: Gray County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 79066 is located in a unique area of Texas, characterized by a small population of only 19 individuals. This makes it an exceptionally rare and specific neighborhood to analyze, especially when considering investment opportunities. The data reveals that there are currently no renters reported in this area, which means it is entirely composed of homeowners. However, the median income and median home value for ZIP 79066 are not available, indicating a lack of comprehensive demographic data.
Despite the limited demographic information, the rental economics can still be assessed through the Fair Market Rent (FMR) data. For fiscal year 2026, the FMR for the metro area including ZIP 79066 is set at $1,030. This figure is crucial for understanding the potential rental income that could be generated if rental properties were introduced into the area. Notably, the comparison with market rent is impossible due to the absence of relevant data, suggesting that the FMR might serve as the primary benchmark for setting rents in this area.
Given these conditions, ZIP 79066 would not be ideal for a hands-off voucher operator due to the scarcity of renters and the potential challenges in managing a portfolio in such a sparsely populated area. Instead, it might be better suited for a hands-on value-add buyer who can actively engage in developing rental properties and potentially influencing the local rental market. Such an investor would need to carefully consider the unique characteristics of the area, including its small size and current lack of rental units, to make informed decisions about property development and management.
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.