Section 8 Fair Market Rent (FMR) for ZIP 79091 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 79091, located in the heart of West Texas, offers a unique blend of rural charm and small-town community living. It is characterized by its wide-open spaces and slower pace, attracting residents who appreciate a quiet lifestyle. For real estate investors, particularly those interested in Section 8 properties, understanding the local rental market dynamics is crucial.

• The Fair Market Rent (FMR) for ZIP 79091 in fiscal year 2024 is set at $1040. This figure represents the maximum amount that landlords can charge for their Section 8 units, ensuring compliance with HUD guidelines.
• The market rent data for ZIP 79091 is currently unavailable, which means that landlords should closely monitor local trends to ensure they are setting competitive rates for non-Section 8 units.
• The median home value in ZIP 79091 is also not available, indicating a need for further research to understand the overall housing market value in the area.
• The percentage of the population that rents in this area is unknown, making it difficult to gauge the demand for rental properties without additional investigation.
• The Days on Market (DOM) statistic is not available for ZIP 79091, suggesting that the time it takes for homes to sell might vary significantly and requires local insight to predict accurately.
• The median income for ZIP 79091 is currently unreported, which is essential for understanding the economic capacity of potential tenants and buyers in the area.

In summary, while the Fair Market Rent for Section 8 properties in ZIP 79091 is clearly defined at $1040 for fiscal year 2024, several key metrics such as market rent, median home value, renter share, DOM, and median income remain unspecified. Landlords and small-portfolio investors must conduct thorough local market research to fill these gaps and make informed decisions about pricing and property management strategies. The lack of comprehensive data suggests a niche market with opportunities for those willing to engage deeply with the local real estate landscape.

Data Sources: FMR data from HUD (2027).

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.