Location: Nolan County, TX | Metro: Coke County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
ZIP code 79506, located within the Nolan County, TX metro, presents a distinct profile when compared to typical ZIP codes in the area. The Fair Market Rent (FMR) for ZIP 79506 is set at $970 for fiscal year 2026, which is notably higher than the market rent of $827. This suggests that 79506 might be slightly overvalued by the FMR standards, but it remains competitive within the local rental market.
The median home value in ZIP 79506 stands at $146,918, which is likely lower than the average home values across the entire Nolan County metro. This indicates that 79506 could be considered a value pocket within the larger market, offering potential homeownership opportunities at a lower price point.
A significant 20.1% of residents in ZIP 79506 are renters, which is a critical metric for landlords and small-portfolio investors. This percentage is indicative of a stable demand for rental properties, suggesting that the area has a sufficient number of tenants to support rental investments.
Given the combination of a higher FMR with a lower market rent and a below-average home value, ZIP 79506 emerges as a promising area for rental investment. The relatively high renter share, despite lower home values, points towards a scenario where rental demand is strong, making it an attractive location for those seeking to capitalize on Section 8 housing opportunities. Landlords and investors can leverage the lower home values and the strong rental market to secure properties at favorable rates and benefit from the government's rental assistance programs.
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.