Location: Donley County, TX | Metro: Donley County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,280 |
| 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)
ZIP code 79240, located within the Donley County, TX metro area, has a Federally Market Rate (FMR) of $980 for fiscal year 2026. This figure represents the maximum amount that a Section 8 voucher holder can pay for rent in the area. The absence of specific market rent and home value data for ZIP 79240 suggests limited available housing stock or rental properties, which could indicate a smaller or less developed residential market compared to other ZIP codes in the county.
The 0.0% renter share in ZIP 79240 implies that very few residents in this area rent their homes, which contrasts sharply with typical ZIP codes in Donley County where the renter share is likely higher. This low renter share combined with the specific FMR data points towards a potentially unique situation where landlords might cater primarily to voucher holders, given the lack of alternative rental options.
Without concrete market rent and home value comparisons, it's challenging to definitively categorize ZIP 79240 as a value pocket, a mid-tier neighborhood, or a premium sub-market. However, the presence of an FMR without corresponding market rent data suggests that this ZIP code might be seen as a value pocket for those utilizing Section 8 vouchers. Landlords in this area should consider the demand for subsidized housing and the potential for steady rental income through voucher programs.
The absence of significant non-voucher rental activity or home sales indicates a niche market, which could be advantageous for landlords willing to accept Section 8 tenants. They would benefit from a guaranteed tenant pool and avoid the volatility associated with non-subsidized rental markets. However, they must also be prepared for the administrative requirements and potential limitations associated with the Section 8 program.
In summary, ZIP 79240 stands out within the Donley County, TX metro due to its specific FMR of $980 and the absence of broader market data. Its characteristics align closely with a value pocket for Section 8 voucher holders, making it a specialized sub-market that requires strategic consideration from landlords.
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.