Location: Hall County, TX | Metro: Amarillo, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 79226 in fiscal year 2024 is set at $910. This figure represents the payment standard for Section 8 vouchers, which is the amount the government will pay toward your tenant's rent. It is important to note that this does not necessarily mean you should charge $910 as the total rent; it is the maximum reimbursement rate.
Compared to the average market rent of $800 per month reported by the U.S. Census Bureau's American Community Survey, the FMR of $910 provides a slightly higher reimbursement rate. This means landlords can potentially earn more from Section 8 tenants than from market-rate renters in this area.
The demand for rentals in ZIP 79226 is strong, with 29.7% of residents being renters. This high percentage indicates a robust market for rental properties, including those participating in the Section 8 program. However, competition among landlords for these tenants can be fierce, so understanding the local dynamics is crucial.
If you're considering acquiring a property in this ZIP code, the median home value is around $126,048. This figure gives you an idea of the typical acquisition cost for a rental property here. Given the FMR and average market rent, it is possible to achieve positive cash flow on a Section 8 rental property, but this depends heavily on the specific property's expenses, such as maintenance and utilities.
Before deciding to participate in the Section 8 program with a rental in ZIP 79226, verify that your property meets the Housing Quality Standards (HQS) set by the U.S. Department of Housing and Urban Development (HUD). These standards ensure that the property is safe and livable for tenants, and failing to meet them could delay your participation in the program.
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.