Location: Dallam County, TX | Metro: Dallam County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 79087 presents an interesting scenario for both renters and landlords. The median income in this area stands at $69,135, which is a solid figure for many households. However, when it comes to affording the market rate rent of $820 per month (as reported by the Census ACS), the situation becomes somewhat strained. This rent represents a significant portion of the monthly income, making it challenging for some households to cover other living expenses.
To put this into perspective, let’s consider the Federal Market Rent (FMR) standard of $970 for the fiscal year 2026. This amount is higher than the current market rate, indicating that voucher holders might have an easier time finding suitable housing compared to those paying out-of-pocket. The difference between the market rate and the FMR suggests that landlords could potentially receive a higher rental payment through vouchers, which would be beneficial for their bottom line.
The ZIP code has a relatively low population of 813, with 29.1% of residents being renters. This means there are approximately 237 renters in the area. Given the affordability gap, landlords will face stiff competition from others offering similar units at the market rate. Voucher holders often have the advantage of guaranteed payments from the government, reducing the risk of non-payment and providing a steady stream of income.
The takeaway for landlords considering whether to accept Section 8 vouchers or focus on cash-paying tenants is clear. While cash-paying tenants might offer quicker transactions and less bureaucracy, the higher payment rates associated with vouchers can provide a more stable and financially advantageous option. Landlords should weigh these factors carefully, especially given the tight budget constraints many local renters face.
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.