Section 8 Fair Market Rent (FMR) for ZIP 79258 - 2027
Location: Floyd County, TX | Metro: Floyd County, TX
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $810 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 79258 for Section 8 purposes, follow this decision tree:
- 1) Does FMR $1,030 (metro FY 2026) clear debt service on a property?
- Yes: If the Fair Market Rent (FMR) of $1,030 is sufficient to cover your debt service, then proceed to the next question.
- No: Do not invest in this area. The FMR does not meet the financial requirements needed to sustain your investment.
- 2) Is market rent above, at, or below FMR?
- Above FMR: If the market rent is higher than $1,030, consider the volatility and potential for future drops before making an investment decision.
- At FMR: If the market rent is exactly $1,030, it aligns perfectly with the FMR, making it a stable choice for Section 8 investments.
- Below FMR: If the market rent is lower than $1,030, the investment will be less attractive unless there is significant demand that justifies the rent level.
- 3) Are 0.0% renters + N/A-day DOM enough demand?
- It depends: With 0.0% of renters qualifying for Section 8 and an unknown number of days on market (DOM), the demand for Section 8 properties in this area is uncertain. Analyze the local rental market trends and competition. If the non-Section 8 market is robust and the DOM indicates quick turnover, the investment might still be worthwhile despite the lack of Section 8 demand.
The gating questions reveal that while the FMR of $1,030 sets a baseline for affordability, the absence of specific data on market rent and the percentage of renters qualifying for Section 8 makes a definitive recommendation challenging. Ensure you conduct thorough research on the local rental market conditions and competition to make an informed decision.
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.