Location: Motley County, TX | Metro: Motley County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 79244, set at $970 for the metro area fiscal year 2026, is a crucial figure for landlords and small-portfolio investors looking to enter the Section 8 housing market. This FMR represents the payment standard set by the U.S. Department of Housing and Urban Development (HUD), meaning it's the maximum amount that a landlord can charge for rent through the Section 8 program. It's important to note that this does not necessarily reflect the actual rent that tenants will pay; rather, it's the benchmark HUD uses to determine the subsidy amount.
To put this into perspective, consider that the average rent in ZIP 79244 is currently reported at $588 according to recent Census American Community Survey (ACS) data. This indicates that the Section 8 payment standard is significantly higher than the local average, potentially offering a better financial return for landlords who meet the eligibility criteria.
The renter share in ZIP 79244 is 26.8%, which suggests there is a notable demand for rental properties in the area. With nearly a quarter of the population renting, there is a substantial pool of potential tenants who could benefit from Section 8 assistance. However, the acquisition cost for properties in this area is listed as N/A, which means there isn't readily available data on the typical purchase price for rental properties. This could be due to limited sales activity or other factors, but it's worth investigating further to understand the local real estate market.
Before proceeding with a Section 8 rental property in ZIP 79244, ensure that your property meets all the necessary requirements for the program. This includes passing a housing quality standards (HQS) inspection and adhering to fair housing laws. The HQS inspection ensures that the property is safe, decent, and sanitary, which is a mandatory step for any landlord interested in participating in the Section 8 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.