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 | $1,000 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $241,911 | 0.57% | F |
| 3BR | $1,780 | $276,799 | 0.64% | D |
| 4BR | $2,110 | $401,479 | 0.53% | F |
| 5BR | $2,448 | $597,564 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 79606 in Abilene, TX, which falls within the broader Abilene, TX Metropolitan Statistical Area (MSA), presents a mix of characteristics that define it as a mid-tier neighborhood. With a Fair Market Rent (FMR) of $1200 for the fiscal year 2024, it is significantly lower than the market rent of $2,044. This disparity suggests that the area is more affordable for low-income renters who qualify for Section 8 assistance, compared to the general rental market.
The median home value in ZIP 79606 is $294,363, which is on par with the typical home values seen across the Abilene, TX MSA. This indicates that homeownership is neither exceptionally expensive nor cheap in this part of the city, aligning it closely with the average for the region.
A notable feature of ZIP 79606 is its relatively high renter share at 47.0%. This figure is above the national average and points towards a significant portion of the population renting rather than owning homes. Given the combination of a high renter share and an FMR well below the market rent, this ZIP code could be considered a value pocket for landlords and small-portfolio investors interested in Section 8 properties. The high proportion of renters alongside lower-than-average rental prices often signifies a strong demand for subsidized housing units.
In summary, ZIP 79606 stands out as a mid-tier neighborhood within the Abilene, TX MSA, offering opportunities for investors looking to capitalize on the robust rental market and the availability of Section 8 tenants. Its median home value is typical for the area, but the FMR being notably lower than the market rent makes it particularly attractive for those focused on affordable housing investments.
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.