Location: Upton County, TX | Metro: Midland, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,290 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
U.S. Census Bureau data (2024)
The classification of ZIP code 79755 hinges significantly on the available data points, which reveal a unique scenario. With a Fair Market Rent (FMR) of $1,690 for the fiscal year 2026, the rental market in this area is clearly defined, but crucial details about the local housing market and economic stability remain unspecified.
The yield potential in ZIP 79755 is moderate. The FMR of $1,690 indicates that the average rent for a property in this ZIP code should align closely with this figure, providing a clear benchmark for pricing. However, without the market value or home value data, it's challenging to determine the exact profit margins or ROI landlords might expect. This lack of information suggests a market where yields are not exceptionally high, but still competitive given the rental price point.
Moving onto stability, the ZIP code shows a relatively high percentage of renters at 66.7%. While this suggests a robust demand for rental properties, the absence of days-on-market (DOM) and median income data makes it difficult to gauge the overall financial health and predictability of the tenant base. A higher percentage of renters typically correlates with greater stability in cash flow, assuming consistent employment and income levels among residents.
In conclusion, ZIP 79755 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The strong rental demand indicated by the high percentage of renters supports this classification. However, the limited data on market values and economic indicators such as income levels means there's an element of uncertainty. Landlords and small-portfolio investors should focus on properties that can be rented at or near the FMR to ensure steady cash flow, while also being prepared for a market where other key metrics are currently unknown.
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.