Location: Deaf Smith County, TX | Metro: Amarillo, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
1080 is the Fair Market Rent (FMR) for ZIP code 79098 as of fiscal year 2024, setting a benchmark for rental properties in the area. 326,234 represents the median home value, indicating a moderate cost for homeownership compared to other regions. 7.4% is the proportion of residents who are renters, a figure that suggests a smaller but still significant demand for rental housing. 70,250 is the median income level, providing insight into the financial capabilities of the local population. Despite the absence of specific data on days on market (DOM) and the percentage of homes that have had their prices cut, the overall economic landscape of ZIP 79098 can be assessed.
Investors should note that the FMR of 1080 could serve as a guideline for pricing their rental units competitively while ensuring profitability. The median home value of 326,234 indicates that there is a stable housing market, which generally supports steady rental demand. With a renter share of 7.4%, landlords must focus on targeting this segment effectively, possibly through offering competitive rents and amenities that appeal to renters. The median income of 70,250 suggests that most residents can afford modest rents, aligning well with the FMR.
The lack of detailed market data such as DOM and price-cut percentages does not necessarily indicate a weak market; it might simply mean less volatility or fewer transactions. This stability could be advantageous for long-term investors looking for consistent cash flows without the risk of frequent price adjustments.
Based on the available data, the Section 8 program, which has an FMR cap of 1080, remains a viable option for landlords in ZIP 79098. The program can provide a steady stream of tenants with guaranteed income, making it particularly attractive given the moderate home values and stable median income levels.
Verdict: Section 8 is a reliable option for landlords in ZIP 79098.
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.