Location: Deaf Smith County, TX | Metro: Oldham County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
20.4% of the residents in ZIP 79092 are renters, indicating a significant portion of the population relies on rental housing. This makes it an attractive area for landlords and small-portfolio investors looking to capitalize on the demand for affordable housing. The Fair Market Rent (FMR) for ZIP 79092, as determined by HUD for fiscal year 2024, is set at $980. This figure represents the maximum amount a landlord can charge for a Section 8 voucher in the area, ensuring that rents remain within reach for low-income families.
$1,101 is the average market rent reported by the Census Bureau's American Community Survey (ACS), which slightly exceeds the FMR. This suggests that landlords who are not participating in the Section 8 program might be able to charge higher rents, but it also highlights the importance of the Section 8 program in providing affordable options for those who cannot afford the market rate. The median income in ZIP 79092 is $83,068, which indicates a middle-class community where a substantial number of residents could benefit from subsidized housing.
The lack of data on median home values and days on market (DOM) implies that there may not be a robust market for home sales in the area, making rentals a more viable option for both residents and investors. Additionally, the absence of information on the percentage of listings that have been price-cut suggests a stable rental market without significant fluctuations in property values.
In conclusion, ZIP 79092 presents a balanced opportunity for investors interested in Section 8 properties. With 20.4% of the population as renters and an FMR of $980, landlords can expect a steady stream of tenants who qualify for the program. The market rent at $1,101 provides a benchmark for pricing, while the median income of $83,068 supports the need for affordable housing options. For those considering the Section 8 program, ZIP 79092 offers a reliable investment environment.
Verdict: ZIP 79092 is suitable for Section 8 investments.
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.