Location: Midland, TX | Metro: Midland, TX HUD Metro FMR Area
| 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 |
The ZIP code 79710 is located in Midland, TX, representing an established neighborhood with approximately 14,710 residents. This working-class area boasts a median household income of $44,710 and median home values around $219,973. The community is mature, with a median age of 42.2 years, and benefits from a diverse educational background.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP 79710 in fiscal year 2024 is set at $1,610. In comparison, the median market rent stands at $1,241. This discrepancy suggests that there is a significant opportunity for landlords to leverage Section 8 vouchers, given the lower market rent compared to the FMR.
The place fits well for both hands-off voucher operators and hands-on value-add buyers. Hands-off operators can capitalize on the lower market rent and the higher FMR, ensuring a steady stream of tenants through the Section 8 program. Meanwhile, value-add buyers could focus on improving properties to command rents closer to the FMR, benefiting from the growing economy and rising median household income.
Given the overall livability score of 70 out of 100, which reflects good quality of life based on amenities, cost of living, safety, education, employment, and housing, it is clear that 79710 offers a balanced environment for investment. With a below-average cost of living index of 59, your dollar stretches further here, translating to higher disposable income for residents and potentially better cash flows for landlords.
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.