Location: Hale County, TX | Metro: Lubbock, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $101,605 | 1.04% | B |
| 3BR | $1,480 | $201,631 | 0.73% | D |
U.S. Census Bureau data (2024)
The ZIP code 79311 in Abernathy, TX, stands out within Hale County due to its unique demographic and economic characteristics. With a population of 3,536 residents, it has a relatively low rental rate of 24.0%, indicating that the majority of residents own their homes. The median income for the area is $81,985, which is above the national average, suggesting a prosperous community. Additionally, the median home value of $174,255 is indicative of a stable housing market where property values reflect a healthy local economy.
Turning to the voucher economics, the Fair Market Rent (FMR) for ZIP 79311 in fiscal year 2024 is set at $920, slightly higher than the Census ACS reported market rent of $868. This discrepancy means that landlords participating in the Section 8 program can expect a modest increase in rental income compared to the general market, making it an attractive option for those looking to ensure steady cash flow.
Based on the data signature, ZIP 79311 appears to be a stable area. The high median income supports a strong homeownership base, while the low rental rate suggests limited turnover in the housing market. The slight premium offered by the Section 8 voucher program over market rates further reinforces the stability, as it ensures a reliable tenant pool willing to pay a consistent rent amount. Landlords and small-portfolio investors should find this ZIP code favorable for long-term investments, particularly in single-family homes, given the robust economic indicators and the supportive nature of the Section 8 program in maintaining steady occupancy and income levels.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.