Section 8 Fair Market Rent (FMR) for ZIP 79247 - 2027
Location: Wilbarger County, TX | Metro: Hardeman County, TX
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $790 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
A skeptical investor considering ZIP 79247 might raise several concerns regarding the viability of investing in this area. Let's address these objections with the available data.
- Will FMR $1,000 (metro FY 2026) cover the mortgage on a N/A home?: The data does not provide specific forecasts for ZIP 79247, but given the low population density and limited housing market activity, it is unlikely that a $1,000 Fair Market Rent (FMR) will sufficiently cover the mortgage on a typical home. The average home values and rental rates in similar rural areas suggest that a $1,000 FMR might be insufficient for most properties.
- Is there enough renter demand at 0.0%?: With only 23 residents in ZIP 79247, according to recent demographics, the renter demand is minimal. There are no active rentals listed in the area, indicating a very low demand for rental properties. This suggests that finding tenants could be challenging.
- Will vouchers keep pace with N/A market rents?: The data does not specify the voucher utilization rate for ZIP 79247. However, with a small population and limited rental options, it is unclear how effective or widespread voucher usage might be. Given the lack of detailed information, it is difficult to determine if vouchers will keep up with the local rental market, which appears to be underdeveloped.
The analysis of ZIP 79247 reveals significant challenges for small-portfolio investors and landlords. The low population density and limited housing market activity indicate that this area may not be suitable for investment based on the current data. Landlords should carefully consider these factors before making any investment decisions in ZIP 79247.
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.