Location: Abilene, TX | Metro: Abilene, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The ZIP code 79563 stands out due to its unique mix of economic indicators and housing dynamics. With only 964 residents, it represents a small community where 17.3% of the population rents their homes. The median income for residents is $49,276, while the median home value sits at $122,623. This combination suggests a modest but stable local economy.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 79563 in fiscal year 2024 is set at $1030. In contrast, the market rent, according to Census ACS data, is $933. This means that landlords accepting Section 8 vouchers can potentially receive higher rental income compared to the typical market rate. However, it's important to note that the difference between FMR and market rent is relatively small, indicating a close alignment with the actual housing costs in the area.
The data signature for ZIP 79563 reads as stable. The low percentage of renters and modest median income suggest a community that is primarily owner-occupied, with a smaller segment relying on rental assistance. The median home value being significantly higher than the median income indicates that homeownership is a significant part of the local economy, which contributes to stability. Landlords and small-portfolio investors should consider these factors when deciding whether to accept Section 8 vouchers, as the slightly higher FMR can provide an incentive to participate in the program.
To summarize, ZIP 79563 offers a balanced environment for landlords and small-portfolio investors, with a slight advantage in rental income through Section 8 vouchers. The overall economic picture points towards a stable community, making it a viable option for those interested in long-term investments.
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.