Section 8 Fair Market Rent (FMR) for ZIP 79223 - 2027
Location: Cottle County, TX | Metro: Cottle County, TX
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 79223 for Section 8 investments, follow these steps:
1) Does FMR $1,050 (metro FY 2026) clear debt service on a property?
- Yes: If the Fair Market Rent (FMR) of $1,050 can cover the total debt service, including mortgage payments, property taxes, insurance, and maintenance costs, then the investment is financially viable. This requires knowing the specifics of the property, such as purchase price and financing terms.
- No: If the FMR of $1,050 cannot cover the debt service, purchasing a property in this area for Section 8 purposes would result in financial losses.
2) Is market rent above, at, or below FMR?
- Above FMR: If the average market rent exceeds $1,050, consider the potential for higher returns outside of Section 8. However, this also means fewer tenants will qualify for Section 8 assistance.
- At FMR: If the average market rent is exactly $1,050, the area is perfectly aligned with Section 8 guidelines, making it an ideal location for such investments.
- Below FMR: If the average market rent is below $1,050, the risk of overpricing and losing potential tenants is lower, but so is the profit margin.
3) Are 0.0% renters and N/A-day days on market (DOM) enough demand?
- It Depends: With 0.0% of renters in the market and an unknown number of days on market, the demand for rental properties must be assessed further. A low percentage of renters suggests limited competition, but the lack of specific days on market data makes it difficult to gauge how quickly properties are being rented out. Additional research into the local rental market trends and vacancy rates is necessary to make an informed decision.
Note: The analysis is incomplete without specific data points for market rent and days on market. These figures are crucial for understanding the financial viability and demand for Section 8 properties in ZIP 79223.
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.