Location: Andrews County, TX | Metro: Andrews County, TX
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 | $1,010 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,720 | $268,858 | 0.64% | D |
| 4BR | $1,920 | $400,210 | 0.48% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 79714 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $1,430. This figure represents the maximum amount that a landlord can receive from the government via a Section 8 voucher for a two-bedroom unit. However, the local market rent, as indicated by ZORI (Zillow Observed Rent Index), stands at $1,215. This discrepancy between the SAFMR and the actual market rent can impact the financial decisions of landlords.
A landlord should understand that the voucher payment does not cover the entire rent. The tenant is responsible for paying a portion of the rent, typically around 30% of their income, which is then matched by the government up to the SAFMR limit. In ZIP 79714, if we assume a tenant's portion to be approximately $300 based on average incomes, the total rent collected from the tenant and the government would be $1,730 ($1,430 + $300).
However, the reimbursement process is slightly more complex due to utility allowances. The government also provides an allowance for utilities, which varies but is generally around $200-$300 per month for a two-bedroom apartment. This utility allowance is separate from the rent reimbursement and directly benefits the tenant. Therefore, when calculating the net reimbursement for a landlord, you must consider the tenant's rent contribution and the utility allowance separately.
In ZIP 79714, given the SAFMR of $1,430 and assuming a tenant contribution of $300, the landlord receives $1,430 from the government and $300 from the tenant, totaling $1,730. If the local market rent is $1,215, the landlord effectively has a surplus of $515 per month over the local market rate. This surplus can be seen as additional income beyond the standard rental rates in the area, making Section 8 participation financially beneficial for landlords in ZIP 79714.
To summarize, the typical reimbursement gap or surplus for a two-bedroom voucher in ZIP 79714 is a surplus of $515 per month over the local market rate, considering the SAFMR of $1,430 and a local market rent of $1,215. This makes Section 8 vouchers a favorable option for landlords looking to secure steady rental income while potentially earning above the typical market rates.
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.