Section 8 Fair Market Rent (FMR) for ZIP 79749 - 2027

Location: Martin County, TX | Metro: Martin County, TX HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,290
1 Bedroom	$1,350
2 Bedrooms	$1,720
3 Bedrooms	$2,080
4 Bedrooms	$2,460
5 Bedrooms	$2,854
6 Bedrooms	$3,196
7 Bedrooms	$3,452
8 Bedrooms	$3,625

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

477

Median Household Income

$34,286

Housing Units

207

Renter Percentage

45.5%

Occupancy Rate

97.6%

Renter Occupied

The ZIP code 79749, located in Texas, is characterized by a modest housing market with a significant portion of residents being renters. This area presents opportunities for landlords and small-portfolio investors looking to tap into the rental sector, particularly those interested in affordable housing options.

The Fair Market Rent (FMR) for ZIP 79749 for fiscal year 2024 is set at $910. This figure represents the maximum amount that low-income families should pay for housing under the Section 8 program, indicating a relatively affordable rental market.
The median home value is currently not available for ZIP 79749, suggesting that the area might be more focused on rentals rather than sales.
Renters make up 45.5% of the population in this ZIP code, which is a substantial share and points towards a robust demand for rental properties.
The median income in ZIP 79749 is $34,286, which is below the national average. This lower income level can impact the affordability of housing and the types of tenants seeking rental properties.
The exact number of days on market (DOM) for properties is not available, but the high percentage of renters suggests that listings move quickly once they are attractive to potential tenants.
The lack of specific market rent data for ZIP 79749 makes it challenging to compare actual rents against the FMR. However, the FMR serves as a useful benchmark for understanding the general price range of rentals.

Investors considering the ZIP 79749 market should focus on properties that align with the affordable housing needs of the community. With a strong rental market and a significant portion of residents relying on rental housing, there is a clear demand for well-managed, affordable units. The median income figure indicates that targeting the lower end of the rental spectrum could be particularly successful. While specific market rent data is unavailable, the FMR provides a guideline for pricing and ensuring compliance with government assistance programs like Section 8. The high percentage of renters also implies that there is less competition from homeowners, making it easier to attract and retain tenants. Overall, the ZIP 79749 offers a niche opportunity for investors who can provide quality, affordable rental homes in a market where such options are in high demand.

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.