Location: Swisher County, TX | Metro: Amarillo, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The ZIP code 79094 presents a unique challenge when profiling it for Section 8 tenants. With a population of 7, it's clear that the statistical significance of this data is extremely low, making it difficult to draw reliable conclusions about rental dynamics and income levels. The reported 0.0% of renters suggests that homeownership is the dominant housing situation in this area, but given the small population size, this figure likely reflects an insufficient sample rather than a true picture of housing trends.
Market rent figures are listed as N/A, which further complicates the analysis. However, comparing the Federal Market Rent (FMR) of $1040 for fiscal year 2024, we can infer that without concrete local rent data, the FMR serves as a benchmark. If we assume that the local rents are similar to the FMR, then the typical rent would represent a significant portion of the local income, though the exact percentage cannot be calculated due to the lack of median household income data.
Landlords in ZIP 79094 should prepare for a tenant pool that is heavily reliant on Section 8 vouchers, given the scarcity of non-voucher rental income data. The voucher amount of $1040 would cover the majority of rental units in the area if local rents align with the FMR. This implies that tenants will be primarily low-income individuals or families who require government assistance to afford housing.
To conclude, despite the limitations posed by the data, landlords can anticipate a tenant base that is predominantly low-income and dependent on Section 8 vouchers. Given the homeowner-dominated nature suggested by the data and the reliance on voucher support, landlords must ensure their properties meet the necessary standards set by the program to attract these tenants effectively. It's critical to understand that the small population size means that any analysis should be approached with caution, and landlords might need to gather additional local data to make informed decisions.
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.