Section 8 Fair Market Rent (FMR) for ZIP 79225 - 2027

Location: Wilbarger County, TX | Metro: Hardeman County, TX

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$860
1 Bedroom	$860
2 Bedrooms	$1,130
3 Bedrooms	$1,480
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)

Population

756

Median Household Income

$83,333

Housing Units

370

Renter Percentage

18.3%

Occupancy Rate

66.5%

Renter Occupied

The ZIP code 79225, located in Midland, Texas, is a thriving suburban area characterized by its strong economy driven by the oil and gas industry. This has led to a steady demand for housing, making it an attractive market for real estate investment.

Fair Market Rent: The Fair Market Rent for ZIP 79225 is set at $1,080 for fiscal year 2026, indicating a robust rental market that can support higher rents.
Market Rent: According to the Census American Community Survey, the average market rent in the area is $844, suggesting there is potential for rental price increases to align with the Fair Market Rent.
Renter Share: With 18.3% of residents being renters, the demand for rental properties is significant and likely to grow as the population expands.
Median Income: The median household income in ZIP 79225 is $83,333, which is above the national average, providing a solid financial base for tenants to afford higher rents.
Note: The median home value is not available for this specific ZIP code, but the strong local economy suggests a stable housing market.
Note: The days on market (DOM) data is also not available, but given the economic conditions and demand for housing, it's reasonable to assume a quick turnover for listings.

In summary, ZIP 79225 presents a favorable environment for real estate investments, particularly in rental properties. The gap between the current market rent and the Fair Market Rent provides an opportunity for landlords to increase their rental income. The significant share of renters and high median income further bolster the attractiveness of this market, ensuring a steady stream of financially capable tenants. While specific data points like median home value and DOM are missing, the overall economic health of the area supports the notion that investments here will be well-received and profitable.

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.