Location: Lamb County, TX | Metro: Lamb County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 79326, set at $970 for the metro area fiscal year 2026, represents the maximum amount that landlords can charge for a Section 8 rental unit in this area. This figure is not the rent you'll receive; it's the payment standard used by the housing authority to determine the subsidy amount for tenants.
To put this into perspective, the FMR of $970 is the highest allowable rent for a Section 8 voucher holder in ZIP 79326. However, the actual rent you receive will be a combination of the tenant's contribution, which is typically 30% of their income, and the subsidy paid by the government. The exact amount depends on the tenant's income level but cannot exceed the FMR.
The local median rent for ZIP 79326 is listed as N/A, making direct comparisons challenging. However, the 0.0% renter share indicates that there is no recorded rental activity in this specific category, suggesting a potentially low demand for rentals in this area. This could mean fewer applicants for your Section 8 rental, so you should prepare for a longer wait time to find suitable tenants.
The acquisition cost, also listed as N/A, would typically provide insight into how much landlords might expect to pay to acquire a property in this area. Without this information, it's advisable to research recent property sales in ZIP 79326 to estimate the potential investment cost.
Before committing to a Section 8 rental in ZIP 79326, verify the local housing authority's policies and procedures. Ensure they align with your expectations regarding maintenance standards, lease terms, and the application process for tenants. This step is crucial for a smooth landlord experience and to avoid any surprises once the rental agreement is in place.
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.