Location: Yoakum County, TX | Metro: Terry County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The ZIP code 79376 is situated in a rural area of Texas, characterized by a small population of just 10 residents. This makes it a unique setting for real estate investment, particularly when considering government-backed programs such as Section 8. Notably, the entire population consists of renters, indicating a 100% rental rate within the ZIP code. However, the lack of data on median income and median home value presents challenges in fully understanding the economic landscape.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010. This figure is critical for landlords and investors operating under the Section 8 program, as it sets the benchmark for rental rates. Despite the FMR being established, there is no available data on the current market rent, which would typically be compared against the FMR to assess the viability of the investment. The absence of this information suggests either an underdeveloped market or a scarcity of recent rental transactions.
Given these conditions, ZIP 79376 might appeal more to a hands-off voucher operator rather than a hands-on value-add buyer. The low population density and high rental rate indicate a market where demand is likely steady but limited. For those looking to manage properties with minimal engagement, the Section 8 program could provide a stable source of tenants and income, with the FMR serving as a reliable guide for setting rents. Conversely, for investors seeking to actively improve and add value to properties through renovations or other improvements, the lack of comprehensive market data and the rural nature of the area may present obstacles to achieving significant returns.
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.