Location: Abilene, TX | Metro: Abilene, TX MSA
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 | $1,440 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,560 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,560 | $353,041 | 0.73% | D |
| 4BR | $3,030 | $470,755 | 0.64% | D |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP 79562 reveals several challenges that could impact a landlord's decision to participate in the Section 8 program. Tenant turnover is a significant concern, with the market rent at $1,821 being substantially higher than the Fair Market Rent (FMR) of $1,270 for FY 2024. This disparity suggests that tenants might struggle to afford the higher market rates, leading to frequent moves and increased vacancy periods. The Days on Market (DOM) data is unavailable, which makes it difficult to predict how long properties might remain vacant between tenancies, further complicating cash flow management.
The deferred maintenance exposure is another critical issue. With a typical home value of $388,172 and a median income of $109,572, homeowners may find it challenging to keep up with necessary repairs and improvements without financial strain. This situation could result in properties falling below the habitability standards required by Section 8, necessitating costly upgrades before they can be rented under the program.
However, these risks must be weighed against the high concentration of renters in the area, represented by a 9.4% renter share. High renter density often correlates with greater demand for housing vouchers, which can stabilize occupancy and provide a steady stream of rental income. Despite the initial hurdles, the presence of a substantial number of potential voucher holders can mitigate some of the financial uncertainties associated with Section 8 participation.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.