Location: Reagan County, TX | Metro: Glasscock County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
41.2% of residents in ZIP 79739 are renters, indicating a significant demand for rental properties in the area. The $648 market rent figure, derived from Census ACS data, shows what tenants are currently paying in the region. This is notably lower than the $1,230 Fair Market Rent (FMR) set for the metro area in fiscal year 2026, suggesting an opportunity for landlords to increase their rental income. For those considering purchasing properties, the median home value stands at $285,666, offering insight into the typical investment cost. However, the median income of $79,352 might limit the potential for high-end rentals, as it reflects the financial capacity of the local population.
The disparity between the market rent ($648) and the FMR ($1,230) implies that there's room for landlords to raise rents without pricing out the majority of tenants. Given the 41.2% renter share, landlords can expect a steady stream of potential tenants. The lack of data on days on market (DOM) and price-cut share suggests that the market is relatively stable, with few homes going unsold or needing price adjustments.
In conclusion, the current environment in ZIP 79739 presents a favorable scenario for landlords and small-portfolio investors, especially those interested in Section 8 housing. With the $1,230 FMR significantly higher than the $648 market rent, landlords can leverage the Section 8 program to secure higher rental incomes while serving a substantial portion of the community. The verdict for Section 8 in ZIP 79739 is positive, given the alignment between the program's payment standards and the existing market conditions.
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.