Location: Garza County, TX | Metro: Garza County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The ZIP code 79330 is situated in a suburban area of Texas, primarily encompassing parts of Lubbock County. This neighborhood is characterized by a moderate-sized population of approximately 56,000 residents, with a significant portion—76.0%—being renters. The median household income in this area stands at $60,179, indicating a middle-class community where a substantial number of individuals may rely on rental assistance programs such as Section 8.
From an investment standpoint, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000. However, the lack of available data on current market rents makes it challenging to compare FMR against actual market conditions. This discrepancy could be due to several factors, including recent changes in local housing markets or limited reporting.
Given the high percentage of renters and the median income level, ZIP 79330 aligns well with the profile of a hands-off Section 8 voucher operator. Landlords can expect a steady demand for affordable housing units, with tenants who are likely to have their rent subsidized up to the FMR of $1,000. This scenario offers a predictable revenue stream with minimal risk of vacancy.
Alternatively, for hands-on investors interested in value-add opportunities, the area presents a mixed picture. While the demographics support a need for affordable housing, the absence of precise market rent data complicates the assessment of potential returns beyond voucher payments. Investors should conduct thorough research to understand the local market dynamics and identify properties that offer the best balance between affordability and potential for renovation or improvement.
In summary, ZIP 79330 is a suitable location for hands-off Section 8 operators seeking stable investments. For those looking to actively manage and improve their properties, additional due diligence is required to navigate the uncertainties in market rent data and capitalize on the underlying demand for affordable housing.
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.