Location: Yoakum County, TX | Metro: Gaines County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The ZIP code 79323 presents a dynamic rental market, influenced by factors that suggest a balance between supply and demand, though leaning towards demand exerting more pressure. The Fair Market Rent (FMR) for the area is set at $990 for fiscal year 2026, indicating a government benchmark that reflects the current economic conditions and future projections. In contrast, the actual market rent, as reported by the Census American Community Survey (ACS), stands at $924. This discrepancy suggests that landlords might be adjusting their rents to stay competitive while still aiming to meet or exceed the FMR.
The median home value of $191,913 in ZIP 79323 signals an affordable housing market, which could attract both buyers and renters. However, the lack of data on price-cut share and days on market (DOM) means we cannot precisely quantify recent trends in property pricing adjustments or the speed of sales. This gap leaves room for further analysis to understand the precise supply-demand dynamics, but the overall snapshot points to a stable market with potential for growth.
A noteworthy aspect is the 37.3% share of renters in the area. This percentage is significant and suggests a long-term housing pressure that favors rental properties over owner-occupied homes. For landlords and small-portfolio investors, this indicates a consistent demand for rental units, which can be leveraged for steady income streams. The high renter share also implies that there may be challenges in converting rental properties into owner-occupied ones, as many residents prefer or are compelled to rent due to affordability or other reasons.
In summary, ZIP 79323's rental market is characterized by a slight premium in FMR over market rent, suggesting some upward pressure on rental prices. The median home value and the substantial renter share paint a picture of a market where rental investments are likely to remain attractive, given the sustained demand for rental properties.
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.