Location: Motley County, TX | Metro: Floyd County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 79241 stands out in its county with a population of 2,204 residents, where 18.1% of them are renters. The median income in this area is $61,803, and the median home value is $109,058, indicating a moderate economic status among its inhabitants.
Moving into the realm of voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,040, while the actual market rent, according to Census ACS data, is $721. This discrepancy presents a significant opportunity for landlords and small-portfolio investors. Landlords can leverage the higher FMR to attract tenants eligible for Section 8 housing assistance, thereby ensuring a steady and reliable source of rental income. The difference between the FMR and the market rent suggests that properties priced around $721 per month can benefit from the additional support provided by Section 8 vouchers without significantly overpricing the units.
Given the data signature, ZIP 79241 appears to be in a stable condition. The relatively low percentage of renters and the moderate median income suggest a community where homeownership is common, and there is a balanced demand for both rental and owned properties. The median home value also indicates a stable housing market, which can provide confidence to investors looking for long-term stability and returns. However, the potential for leveraging Section 8 vouchers can introduce a transitional element, as it may attract new renters or change the composition of the rental market. Investors should monitor these dynamics closely to make informed decisions about their investments in this ZIP code.
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.