Location: Knox County, TX | Metro: Knox County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
ZIP code 79529, located within the Knox County, TX metro area, presents an interesting profile when compared against typical ZIP codes in Knox County. The Fair Market Rent (FMR) for ZIP 79529 is set at $1,140 for fiscal year 2026, which is notably higher than the current market rent of $565. This suggests that while government-assisted rents might be higher, the actual market rates are lower, potentially indicating a value pocket for landlords who can offer affordable housing options.
The home value in ZIP 79529 stands at $76,444, which is below the average home value in Knox County. This lower home value could mean that properties in this ZIP code are more accessible to first-time buyers and renters, particularly those utilizing Section 8 vouchers. With a renter share of 24.1%, it's clear that a significant portion of the population in this ZIP code relies on rental housing, a trend that is consistent with many other ZIP codes in Knox County but slightly above the county average. This higher-than-average renter share combined with below-average home values can be a key indicator of a potential Section 8 sweet spot.
In summary, ZIP 79529 appears to be a value pocket within the Knox County, TX metro. It offers opportunities for landlords and small-portfolio investors due to its relatively low market rent and below-average home values, coupled with a substantial number of renters. These factors make it an attractive location for properties that cater to assisted housing programs such as Section 8.
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.