Location: Hockley County, TX | Metro: Cochran County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for the ZIP code 79336, which falls under the Hockley County, TX HUD Metro FMR Area, is set at $970 for fiscal year 2026. This figure represents the average amount that voucher tenants can pay for housing. In comparison, the market rent as per Census ACS data stands at $849, indicating that voucher tenants will generally cashflow positively at the HUD FMR rate. Landlords and small-portfolio investors should note that properties rented out at the HUD FMR level of $970 will generate a positive cashflow without the need for premium units.
To further analyze the investment potential, consider the median home value in ZIP 79336, which is $162,843. The rent-to-price ratio, calculated using the HUD FMR, comes to approximately 0.69%. This ratio suggests that rental income is relatively low compared to the property value, implying that investors should focus on the stability and cashflow aspects rather than rapid appreciation. However, the low median Days on Market (DOM) and minimal price-cut share (0.1%) indicate a robust local housing market where properties sell quickly and without significant price reductions, contributing to overall stability.
The strongest angle for investors in ZIP 79336 is the combination of stability and cashflow. Given the positive cashflow generated by Section 8 vouchers and the quick turnover of properties, investors can expect reliable returns and a steady demand for rental units.
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.