Section 8 Fair Market Rent (FMR) for ZIP 79325 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

ZIP code 79325, located within the Parmer County, TX metro area, exhibits several key metrics that distinguish it from other ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 79325 is set at $1,230 for fiscal year 2026, which is slightly above the market rent of $1,194. This suggests that while there is a slight premium on rental properties due to federal guidelines, the actual market reflects a more balanced price point.

The median home value in ZIP 79325 stands at $184,624, indicating that it is neither the most expensive nor the least costly area within the metro. This places it squarely in the mid-tier category when compared to other ZIP codes in Parmer County. However, the significant 33.4% share of renters in this ZIP code is noteworthy. Typically, higher renter shares can be indicative of areas where there is a substantial demand for affordable housing options, including those supported by Section 8 vouchers.

When analyzing ZIP 79325's characteristics against the broader Parmer County, TX metro, it becomes evident that this ZIP code represents a value pocket within its market. The combination of a below-average home value and a high renter share points towards an area where landlords and small-portfolio investors could find opportunities. Such conditions often create a scenario where Section 8 tenants can afford the rent, making it a desirable location for properties participating in the program.

To further contextualize, let’s consider what these figures mean for potential investments:

• Rental Income Potential: With the FMR being marginally higher than the market rent, landlords who participate in Section 8 can expect to receive a slightly better rental income compared to the average local market rate.
• Property Values: Home values are moderate, suggesting that property acquisition costs in ZIP 79325 are reasonable for investors looking to enter the market without facing high initial capital outlays.
• Renter Demographics: A high percentage of renters indicates strong demand for rental units, which can translate into steady occupancy rates and reduced vacancy periods.

In summary, ZIP 79325 offers a unique blend of affordability and demand, positioning it as a valuable opportunity for real estate investors interested in the Section 8 market within the Parmer County, TX metro.

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.