Location: Reeves County, TX | Metro: Reeves County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The median income in ZIP code 79718 stands at $58,750. This figure is crucial when considering the financial capabilities of potential renters. However, the market rate for rentals in this area is listed as N/A, indicating incomplete data on current rental prices. Despite this, we can analyze the situation using the Fair Market Rent (FMR) standard set for voucher payments, which is $1,020 per month for the metro area in fiscal year 2026.
Given that 33.8% of the 629 residents are renters, there is a significant portion of the population relying on housing assistance or facing challenges in affording market-rate rents. The FMR of $1,020 represents a benchmark that many households might find difficult to meet without assistance, especially those earning around the median income.
The affordability gap between the median income and the FMR highlights a challenge for both renters and landlords. For renters, it means they may struggle to find suitable housing without the help of vouchers. For landlords, this gap suggests a competitive environment where properties accepting vouchers could attract more tenants compared to those requiring higher monthly payments. Vouchers provide a guaranteed source of income, reducing the risk of unpaid rent.
Landlords in ZIP 79718 should consider the benefits of accepting vouchers. While the monthly payment is fixed at $1,020, it ensures a steady stream of income and reduces vacancy rates. On the other hand, focusing solely on cash-paying tenants might limit the pool of available renters, particularly if they cannot offer competitive pricing against the voucher standard. The takeaway is clear: accepting vouchers can be a strategic move to secure a reliable tenant base in a market where income levels and rental costs are closely aligned.
Data Sources: FMR data from HUD (2027). 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.