Section 8 Fair Market Rent (FMR) for ZIP 79769 - 2027

FY 2027 Fair Market Rent Rates

To determine if you should buy in ZIP code 79769 for Section 8 purposes, follow this decision tree:

• Does the Fair Market Rent (FMR) of $1480 cover your debt service on a property?
  • If yes: Proceed to the next question.
  • If no: Do not purchase a property in this ZIP code for Section 8 purposes. The FMR does not provide sufficient income to meet your financial obligations.
• Is the market rent above, at, or below the FMR?
  • If above: The area may be overpriced for Section 8 tenants. Consider other ZIP codes where the market rent aligns more closely with the FMR.
  • If at: This ZIP code is perfectly aligned with Section 8 guidelines. Continue to the next question.
  • If below: There's an opportunity to offer competitive pricing while still meeting Section 8 requirements. Move to the next question.
• Are the percentage of renters and the days on market (DOM) sufficient to indicate strong demand?
  • If the percentage of renters is high and the DOM is low: There is likely enough demand to support a Section 8 property. Purchase can proceed.
  • If the percentage of renters is low or the DOM is high: Demand may not be strong enough to sustain a Section 8 property. It depends on other factors such as location, amenities, and competition.

The key to making a successful investment in ZIP 79769 for Section 8 lies in aligning your property's financials with the FMR and understanding the local rental market dynamics. Ensure that the FMR of $1480 meets your debt service needs before considering any further steps.

Data Sources: FMR data from HUD (2027).

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.