Location: Hockley County, TX | Metro: Hockley County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The ZIP code 79380 is characterized by a significant rental population, with 31.3% of residents being renters. This suggests that there is a notable demand for rental properties in the area, potentially including those who rely on Section 8 housing vouchers. However, the lack of specific data on voucher usage means we cannot definitively state the depth of voucher demand. The median household income stands at $87,917, which provides a baseline for assessing affordability.
While the exact market rent for ZIP 79380 is not provided, we can infer that it likely falls below the median household income, making it affordable for most residents. For comparison, the Fair Market Rent (FMR) for the metro area, as of fiscal year 2026, is set at $1,000. This figure serves as a benchmark for rental costs, indicating that landlords in 79380 should aim to keep their rents competitive and below this level to attract tenants.
Given the median household income, typical market rent in 79380 would consume a relatively small portion of the average resident's income, suggesting that the area is economically stable and able to support a variety of rental rates without causing undue financial strain on the majority of tenants. Landlords should be cautious about setting rents too high, as this could limit their pool of potential tenants and reduce occupancy rates.
The expected tenant profile for landlords in ZIP 79380 includes individuals and families who value the stability and affordability of renting. These tenants may include those who are employed but have lower to moderate incomes, making them suitable candidates for subsidized housing programs such as Section 8. It is important for landlords to understand the requirements and benefits of participating in such programs to effectively manage their properties and meet the needs of this demographic.
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.