Location: Mitchell County, TX | Metro: Mitchell County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The ZIP code 79565 represents a market where 18.0% of the population are renters. This percentage suggests that it is not a heavily renter-dominated area, but rather one where homeownership is more prevalent. As a result, the demand for Section 8 vouchers may be less intense compared to areas with higher percentages of renters.
The median household income for this ZIP code is not available, which complicates the direct comparison between local incomes and market rents. However, the Fair Market Rent (FMR) for the metro area, set at $1,200 for fiscal year 2026, provides a benchmark for rental pricing in the region.
Without specific local income data, we cannot calculate the precise percentage of income that goes toward rent. Nevertheless, given the FMR, landlords can anticipate that the typical rent consumes a significant portion of a tenant's income, especially if the median income is lower than the national average. This underscores the importance of Section 8 vouchers, which can help bridge the gap between affordable housing and actual rental costs.
The tenant profile expected in this ZIP code would likely include individuals who benefit from Section 8 vouchers due to limited financial resources. These tenants often have a fixed income, such as Social Security, disability benefits, or low-wage employment, and rely on government assistance to secure housing. Landlords should prepare to work with tenants who require the support of vouchers to afford monthly rent payments.
To summarize, while ZIP 79565 is not predominantly a renter-heavy area, the presence of Section 8 vouchers is still crucial for affordability. The typical rent in line with the FMR will consume a notable share of the tenant's income, necessitating reliance on assistance programs. Landlords should expect tenants who need Section 8 vouchers to manage their housing costs effectively.
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.