Section 8 Fair Market Rent (FMR) for ZIP 79367 - 2027

Location: Hockley County, TX | Metro: Hockley County, TX HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$900
2 Bedrooms	$1,050
3 Bedrooms	$1,450
4 Bedrooms	$1,740
5 Bedrooms	$2,018
6 Bedrooms	$2,260
7 Bedrooms	$2,441
8 Bedrooms	$2,563

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

519

Median Household Income

$46,458

Housing Units

237

Renter Percentage

24.3%

Occupancy Rate

79.7%

Renter Occupied

The ZIP code 79367, located in Texas, represents a microcosm of the state's diverse housing market. Known for its blend of suburban charm and urban accessibility, this area offers a unique opportunity for landlords and small-portfolio investors looking to capitalize on the local rental dynamics.

The Fair Market Rent (FMR) for ZIP 79367 is set at $1,020 for the fiscal year 2026, reflecting the government's assessment of what constitutes a reasonable rent for a two-bedroom apartment in the region.
Market rents, as reported by the Census American Community Survey (ACS), currently stand at $869, indicating that there is potential for rental rates to rise towards the FMR level.
The median home value in this ZIP code is $168,006, which is relatively affordable compared to many other parts of Texas, making it attractive for both first-time homeowners and investors.
Renters make up 24.3% of the housing stock in ZIP 79367, suggesting a significant portion of the population relies on rental properties, which can be beneficial for landlords seeking steady occupancy.
The median income in the area is $46,458, providing insight into the economic profile of residents and their ability to pay higher rents as the market adjusts.

Investors should take note of the discrepancy between the current market rent and the FMR, as this indicates potential for growth in rental income. The relatively low median home value also suggests that this area could see an increase in property values as the broader Texas economy continues to strengthen. With a notable share of renters and a median income that supports modest rent increases, ZIP 79367 presents a balanced investment opportunity where landlords can expect stable returns while potentially benefiting from future market appreciation.

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.