Section 8 Fair Market Rent (FMR) for ZIP 79070 - 2027

Location: Roberts County, TX | Metro: Lipscomb County, TX

Investment Score for ZIP 79070

N/A

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,320	$156,376	0.84%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

9,626

Median Household Income

$70,915

Housing Units

4,220

Renter Percentage

27.8%

Occupancy Rate

85.5%

Renter Occupied

1,004

The ZIP code 79070 represents a suburban neighborhood characterized by a relatively small population of 9,626 residents. Renters make up 27.8% of the housing market, indicating a moderate demand for rental properties. The median household income in this area stands at $70,915, which suggests a middle-class community with stable financial conditions. However, the median home value is notably lower at $123,900, reflecting an affordable housing market.

From an investment perspective, the Federal Market Rent (FMR) for ZIP 79070 is set at $990 for the metro fiscal year 2026. This figure is higher than the current market rent of $891, as reported by the Census Bureau's American Community Survey (ACS). This discrepancy implies that there is potential for Section 8 investors to receive above-market rents through the voucher program, which can be particularly appealing given the local economic context.

To determine whether ZIP 79070 suits a hands-off voucher operator or requires a hands-on value-add approach, consider the following:

Housing Stability: With a median income of $70,915 and a median home value of $123,900, the area offers a balance where residents can afford living expenses without excessive strain, making it suitable for hands-off management.
Rental Demand: At 27.8%, the percentage of renters is significant enough to support a steady demand for rental units, but not so high as to indicate a distressed market.
Voucher Program Potential: Given the FMR is above the current market rent, Section 8 vouchers could cover most of the rental costs, reducing vacancy risks and ensuring a reliable income stream.

In conclusion, ZIP 79070 appears to be well-suited for a hands-off voucher operator due to its stable economic environment and reasonable rental demand. However, opportunities for value-add strategies may exist, especially if targeting improvements that align with the preferences of voucher recipients, potentially increasing the property's attractiveness and long-term profitability.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.