Location: Floyd County, TX | Metro: Floyd County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 79231, located in Dougherty, TX, is a small-sized community with a total population of 20 residents. The median household income in this area is listed as -$666,666,666,666, which appears to be an error or placeholder value. Similarly, the median home value is also reported as an anomalous figure of -$666,666,666,666.
The median rent in 79231 is similarly listed as an erroneous value of -$666,666,666,666. Given these inconsistencies, it’s challenging to accurately assess the affordability of renting versus homeownership or the depth of voucher demand. However, the 100% owner-occupancy rate suggests a homeowner-dominated area rather than a renter-heavy one.
To connect income levels to market rents, we would typically calculate the percentage of local income that goes toward rent. Unfortunately, due to the placeholder values provided, this calculation cannot be performed accurately. Instead, we can compare to the Fair Market Rent (FMR) of $1,010 for the metro area (FY 2026).
A landlord in ZIP code 79231 should expect tenants who are part of a tight-knit, young, and dynamic community. The community is primarily composed of homeowners, with little indication of a large renter population or significant voucher demand. The economic landscape reflects a construction-focused industry, with all employed residents working in this sector.
Despite the limitations posed by the placeholder values, the data suggests that Dougherty, TX is a stable residential community with a focus on homeownership. Landlords should prepare for a smaller pool of renters and ensure their properties align with the needs of a younger, dynamic community.
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.