Location: Scurry County, TX | Metro: Borden County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The Section 8 thesis for ZIP 79527 in Ira, Texas, focuses on the disparity between the Fair Market Rent (FMR) set at $1,130 for the metro area in fiscal year 2026 and the current market rent of $1,017 per month. This creates a gap of $113, which translates to an 11.1% difference.
In this context, where FMR exceeds market rent, landlords can leverage Section 8 vouchers to attract tenants who might otherwise struggle to afford the local housing market. With only 8.5% of the population being renters, there is a limited pool of potential tenants. However, voucher holders provide a reliable source of income due to the government's guarantee of timely payments.
The median home value in ZIP 79527 is $131,300, while the median income stands at $63,333. These figures suggest that many residents may find it challenging to afford market-rate rents without assistance. As such, accepting Section 8 vouchers can be a strategic move for landlords, turning a lower-than-market rental scenario into a yield play. Voucher tenants ensure consistent rental income, which can be particularly beneficial in areas with low rental demand.
Landlords and small-portfolio investors should consider these factors when evaluating the potential returns from properties in ZIP 79527. The guaranteed income from Section 8 vouchers can offset the risks associated with lower rental rates and limited tenant availability in the area.
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.