Location: Abilene, TX | Metro: Abilene, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
U.S. Census Bureau data (2024)
The ZIP code 79525 has a population of 3,121 residents, with only 4.4% identified as renters. This indicates that the area is predominantly homeowner-dominated, suggesting that the demand for rental properties, especially those utilizing Section 8 vouchers, is relatively low compared to areas with higher percentages of renters.
The median household income in this ZIP code is $89,875. When considering a market rent of $850, this represents approximately 10.6% of the median household income. This is a reasonable percentage, indicating that the rent is not excessively high relative to the income levels of the residents. However, the Federal Market Rent (FMR) for FY 2024 is set at $1,070, which is higher than the current market rent, potentially reflecting an underpriced rental market or a conservative approach to setting rents.
In terms of tenant profiles, landlords in ZIP 79525 should expect a mix of tenants who are likely to be employed and have stable incomes. The scarcity of renters means that those who do rent are often in need of assistance due to financial constraints or other circumstances. Given the homeowner-dominated nature of the area, it's important to note that Section 8 vouchers might not be as prevalent among potential tenants. Landlords should prepare for tenants who may require additional support and be aware of the administrative requirements associated with accepting Section 8 vouchers.
To summarize, while there is some demand for rental properties in ZIP 79525, it is not a renter-heavy area. The typical rent of $850 consumes about 10.6% of the median income, making it affordable for most residents. However, the lower proportion of renters suggests that the number of Section 8 voucher holders looking for housing will be limited. Landlords should anticipate a tenant base that values affordability and stability over premium amenities or location.
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.