Section 8 Fair Market Rent (FMR) for ZIP 79708 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,330
1 Bedroom	$1,400
2 Bedrooms	$1,790
3 Bedrooms	$2,220
4 Bedrooms	$2,420
5 Bedrooms	$2,807
6 Bedrooms	$3,144
7 Bedrooms	$3,396
8 Bedrooms	$3,566

Based on the available data, ZIP code 79708 is located in Midland, Texas. Unfortunately, specific figures for population, percentage of renters, median income, and median home value were not found in the sources provided. However, we can still discuss the Section 8 investment potential in this area.

The Fair Market Rent (FMR) for ZIP code 79708 in fiscal year 2024 is set at $1,610. This figure serves as a benchmark for determining the rental assistance payments for Section 8 vouchers. While the exact market rent was not specified in the data provided, it is important to compare it with the FMR to assess the viability of Section 8 investments.

If the market rent in 79708 is significantly higher than the FMR, landlords and small-portfolio investors might consider a hands-on approach to improve property values and rents. On the other hand, if the market rent is close to or below the FMR, a hands-off strategy could be more suitable, as it would likely ensure steady occupancy without the need for extensive property management.

To make an informed decision, investors should gather additional local market data to understand the current rental trends and compare them against the FMR. This will help determine whether the ZIP code is better suited for a passive hands-off approach or requires a more active hands-on strategy to maximize returns.

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.