Location: Cochran County, TX | Metro: Cochran County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,220 |
| 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 ZIP code 79379 presents a dynamic rental market that is currently underpinned by a strong demand-to-supply ratio. With the Fair Market Rent (FMR) set at $970 for the fiscal year 2026, it reflects the federal benchmark for determining payment standards in the area. However, the actual market rent stands at $770, based on recent Census American Community Survey (ACS) data. This suggests that while there is a significant gap between the federally recognized fair rent and the current market rates, the market is likely experiencing steady demand, as indicated by the low vacancy rate inferred from the snapshot.
The median home value in ZIP 79379 is $66,156, which is relatively low compared to national averages. This figure, combined with the 22.8% renter share, paints a picture of a market where a considerable portion of residents are renters due to either affordability constraints or other economic factors. A higher renter share often correlates with increased long-term housing pressure, as a larger segment of the population is continuously seeking rental properties rather than purchasing homes. This can create a scenario where rental demand remains robust, even if the overall number of rentals increases.
The dynamics of the ZIP code's market indicate that despite the lower median home values, the rental market is not oversupplied. The gap between FMR and market rent, alongside the notable renter share, suggests that landlords and small-portfolio investors should expect a market where demand is a driving force. As such, maintaining quality and pricing competitively near the FMR could be advantageous in attracting tenants and ensuring occupancy rates remain high.
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.