Location: Runnels County, TX | Metro: Coleman County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The classification of ZIP code 79538 hinges significantly on the available data points, which unfortunately are incomplete. However, we can still make some observations based on the Fair Market Rent (FMR) and the percentage of renters.
Yield: The FMR for ZIP 79538 stands at $1,030 for the fiscal year 2026. This figure represents the maximum amount that a landlord can charge for a rental property under the Section 8 program. Without comparative market rent data or home values, it's challenging to gauge how competitive this FMR is against other investment opportunities. But, the FMR does provide a guaranteed baseline for rental income, which is particularly valuable for small-portfolio investors seeking stable returns.
Stability: With only 6.0% of the population being renters, ZIP 79538 leans towards a less stable market for rental investments. Typically, a higher percentage of renters indicates greater demand and potentially more consistent cash flow. In this case, the low percentage suggests that the majority of residents own their homes, which could imply lower interest in renting. Additionally, the lack of data regarding days on market (DOM) and median income makes it difficult to assess the overall economic health and the ability of potential tenants to afford the $1,030 FMR.
Given these figures, ZIP 79538 does not appear to be a high-yield market due to the limited percentage of renters. It also lacks the robustness needed to classify it as a steady-cashflow zone because of the missing data on median income and DOM, which are crucial indicators of stability. Therefore, this market falls into a category of moderate potential, where the guaranteed income from the FMR is balanced against the uncertainty posed by the incomplete data set. For landlords and small-portfolio investors, this ZIP code might offer a niche opportunity but should be approached with caution and further research into local rental dynamics.
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.