Location: Runnels County, TX | Metro: Abilene, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
The ZIP code 79566 stands out due to its small population of only 230 residents, which makes it an ideal location for landlords and small-portfolio investors seeking a niche market. With 34.0% of the population renting, there is a significant demand for rental properties. The median income in ZIP 79566 is $77,000, indicating that residents have the financial capacity to cover housing costs, although the lack of data on median home values suggests that homeownership might be less prevalent or tracked.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for ZIP 79566 in fiscal year 2024 is set at $1130. This figure is crucial for landlords who wish to participate in the Section 8 program, as it represents the maximum rent that can be charged to tenants using vouchers. The absence of market rent data means that the FMR serves as a benchmark for rental pricing in the area, providing clarity on what is considered reasonable for subsidized housing.
Given the limited data available, the economic signature of ZIP 79566 reads as somewhat transitional. The small population size and the high percentage of renters suggest a community that is likely evolving, possibly with changes in its demographic makeup or economic conditions. However, the stable median income figure indicates that the residents are financially secure enough to support their housing needs. For investors and landlords, this means that while there is potential for growth and change, the current economic stability provides a solid foundation for investment.
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.