Location: Hall County, TX | Metro: Childress County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 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)
ZIP code 79245 within the Hall County, TX metro presents an interesting mix of characteristics that can be analyzed to determine its position relative to other ZIP codes in the area. The Fair Market Rent (FMR) for ZIP 79245 is set at $980 for fiscal year 2026, which is the benchmark used by the government to determine rental assistance under the Section 8 program.
In comparison, the market rent for ZIP 79245 stands at $491, significantly lower than the FMR. This suggests that there could be a potential opportunity for landlords who can leverage the difference between the market rent and the FMR to attract tenants receiving Section 8 vouchers. The disparity indicates that this ZIP code might be considered a value pocket within the Hall County, TX metro, where the rental prices are well below the government's fair market assessment.
The median home value in ZIP 79245 is $77,876, which is notably lower than what one might expect in a typical ZIP code within Hall County, TX. This low home value could be indicative of a less affluent area, but it also aligns with the lower market rent, suggesting that both metrics are reflective of the local economy and housing market conditions.
A noteworthy feature of ZIP 79245 is its 27.9% renter share, which is higher than the national average and potentially above the county average as well. This high percentage of renters, combined with the below-average home values, points towards a significant portion of the population relying on rental housing, possibly including those who benefit from government housing assistance programs such as Section 8. The higher renter share in conjunction with lower home values often signifies a sweet spot for Section 8 investments, as it attracts a stable tenant base that is supported by federal subsidies.
To conclude, ZIP code 79245 appears to be a value pocket within the Hall County, TX metro, characterized by a significant gap between market rents and FMR, lower-than-typical home values, and a relatively high renter share. These factors make it an attractive area for landlords and small-portfolio investors interested in Section 8 properties, given the potential for steady occupancy rates and income stability from subsidized tenants.
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.