Location: Scurry County, TX | Metro: Kent County, TX
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,250 | $80,304 | 1.56% | A+ |
| 3BR | $1,530 | $159,911 | 0.96% | C |
| 4BR | $1,640 | $268,497 | 0.61% | D |
U.S. Census Bureau data (2024)
The ZIP code 79549, located in Snyder, TX, has a population of 15,233 residents, with 24.5% being renters. This indicates that while there is a significant rental market, it is not dominated by renters. The median household income stands at $59,147, which provides a baseline for understanding the economic capacity of potential tenants.
In terms of Section 8 tenant pools, Snyder's rental market features a typical rent of $1,018 per month. This amount represents approximately 17.2% of the median household income, suggesting that the average renter can afford the typical rent without excessive financial strain. However, the Federal Market Rent (FMR) for the area is set at $1,110 for FY 2026, indicating that landlords who wish to participate in the Section 8 program will need to adjust their rents to meet these standards.
The discrepancy between the typical market rent ($1,018) and the FMR ($1,110) suggests that landlords in Snyder, TX might find it advantageous to align their rents with the FMR to attract Section 8 tenants. This adjustment would make their properties more accessible to those relying on housing vouchers, thereby tapping into a potentially stable tenant base.
A landlord in ZIP 79549 should anticipate a tenant profile characterized by individuals and families who rely on Section 8 vouchers for housing assistance. These tenants will likely have an income level below the median, necessitating government subsidies to cover the cost of rent. The demand for rental properties that accept vouchers is present but not overwhelming, given the relatively balanced mix of homeowners and renters in the area.
To summarize, Snyder, TX offers a moderate opportunity for landlords interested in Section 8 tenants. With 24.5% of the population renting and an FMR slightly above the typical market rent, landlords can expect a steady stream of voucher holders looking for affordable housing options. The key for success lies in understanding the local income dynamics and adjusting rental prices accordingly to remain competitive and attractive to this segment of the market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.