Section 8 Fair Market Rent (FMR) for ZIP 79770 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 79770, located in Texas, is situated in a region that offers a mix of rural and suburban living, with access to basic amenities and services. The area is characterized by its relatively low cost of living, which makes it attractive for both tenants and investors looking for affordable real estate opportunities.

• The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,080. This figure represents the maximum amount a landlord can charge for a unit to be considered affordable under the Section 8 program.
• While the exact market rent for ZIP 79770 is not available, the FMR provides a benchmark for what potential renters can afford, indicating that landlords should aim to keep their rents below or at this level to attract Section 8 participants.
• The median home value in this ZIP code is not specified, but given the area's characteristics, it is likely to be lower than urban centers, making it suitable for first-time homeowners or investors seeking to build a portfolio with manageable property values.
• The percentage of residents who are renters is not provided, but understanding the local rental demand is crucial for landlords to gauge the potential occupancy rates and competition within the market.
• The Days on Market (DOM) statistic is not available, which would typically help investors understand how quickly properties are rented out in the area.
• The median income of the residents is also not provided, but knowing this can inform landlords about the economic profile of the area and the ability of residents to pay higher rents.

In summary, ZIP 79770 presents an opportunity for landlords and small-portfolio investors to enter a market where the Fair Market Rent is well-defined, suggesting a clear guideline for pricing. However, the lack of specific data points such as median home value, renter share, DOM, and median income limits a comprehensive understanding of the area's real estate dynamics. Landlords should focus on maintaining rents within the FMR to ensure compliance with Section 8 requirements and appeal to a broad tenant base.

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.