Location: Runnels County, TX | Metro: Abilene, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The ZIP code 79519 stands out due to its unique demographic and economic characteristics. With only 99 residents, it is one of the smallest communities, yet it boasts a median income of $163,380, placing it well above the national average. Despite the high income levels, only 15.1% of the population rents their homes, indicating a preference for homeownership among residents. However, the lack of data on median home values suggests that this area might be underrepresented in typical real estate metrics.
Turning to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 79519 in fiscal year 2024 is set at $1,130. This figure is crucial for landlords and small-portfolio investors considering participation in the program. Given the absence of market rent data, the FMR serves as a benchmark for rental rates in subsidized housing. Landlords should note that this amount reflects the maximum rent allowable for a voucher holder, and it may not fully represent the local rental market dynamics.
In summary, the data signature for ZIP 79519 reads as transitional. While the community has a high median income, the limited number of residents and renters suggests an evolving landscape where traditional real estate indicators do not fully apply. The FMR provides a clear guideline for voucher economics but highlights the need for further exploration into the local housing market to make informed investment decisions.
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.