Location: Scurry County, TX | Metro: Borden County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 79517 in fiscal year 2026 is set at $1,070. This figure represents the maximum amount that a landlord can expect to receive from the federal government under the Section 8 program for renting a unit in this area. It's important to note that this is not the actual rent you will charge your tenants; it's the payment standard that the government uses to determine how much assistance they will provide.
To put this into perspective, the FMR of $1,070 is the benchmark for the housing market in ZIP 79517. Local average rents are currently listed as N/A, which means that you should research further to understand the typical rental rates in the area. However, the FMR gives you a clear guideline on what the government considers reasonable for rental payments in this region.
The renter share of income, which is 9.8%, indicates the portion of the tenant's income that goes towards rent. This percentage suggests a moderate level of demand for affordable housing in the area. If you're considering entering the Section 8 market, this statistic shows that there are renters who can afford the required portion of their rent, making it a viable option for those looking to stabilize their cash flow.
Regarding the acquisition cost of properties in ZIP 79517, the data provided does not include a specific figure. Therefore, you should conduct thorough research to find out the typical property values and costs in the area. This will help you determine whether the potential income from a Section 8 rental aligns with your investment goals and financial expectations.
Before committing to a Section 8 rental property in ZIP 79517, ensure you verify the condition of the property against the Housing Quality Standards (HQS). These standards are mandatory for all Section 8 properties and dictate the minimum acceptable conditions for safety, health, and habitability. Compliance with HQS is essential because failing to meet these requirements can result in penalties and loss of rental income.
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.