Location: Abilene, TX | Metro: Abilene, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
The ZIP code 79604, located within the Abilene, TX MSA, has a Fair Market Rent (FMR) of $1130 for fiscal year 2024. To provide context, let's examine how this compares to typical ZIP codes within the Abilene, TX MSA.
In the Abilene, TX MSA, average market rents tend to be slightly lower than the FMR, reflecting the overall affordability of the area. However, since the market rent for ZIP 79604 is not available, we can only rely on the FMR to gauge rental prices. Given that the FMR is set at $1130, it suggests that 79604 is likely to have rental prices close to this figure, positioning it as a mid-tier neighborhood within the metro.
The lack of specific data on home values and renter share for ZIP 79604 makes it difficult to draw definitive conclusions about its status as a value pocket or premium sub-market. However, the absence of a reported renter share percentage indicates that the proportion of renters in 79604 may not be significantly higher or lower than the average for the Abilene, TX MSA.
To further analyze the potential attractiveness of ZIP 79604 for Section 8 landlords and small-portfolio investors, we would need to know the renter share and home values. Typically, a high renter share combined with below-average home values could indicate a strong Section 8 presence, which might be appealing to investors focused on government-subsidized housing. Conversely, if the home values were above average while maintaining a mid-range rent, it could suggest a desirable location for homeowners, potentially making it less attractive for Section 8 tenants.
Given the limited data, we can infer that ZIP 79604 is most likely a mid-tier neighborhood within the Abilene, TX MSA, with rental prices reflective of the broader market. Its exact classification as a value pocket or premium sub-market cannot be determined without additional information on home values and renter share. Landlords and investors should consider these factors when evaluating the potential of 79604 for their portfolios.
Data Sources: FMR data from HUD (2027).
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.