Location: Ward County, TX | Metro: Reeves County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
ZIP code 79772, located within Ward County, TX, presents a unique profile when compared against typical ZIP codes in the county. The Fair Market Rent (FMR) for 79772 stands at $1,080 for fiscal year 2026, which aligns closely with the broader metro area's FMR. However, the market rent of $988 is notably lower, suggesting that the actual rental rates are below the fair market value.
The median home value in 79772 is $170,029. This figure is reflective of the overall housing market in Ward County, indicating that property values in this ZIP code are neither exceptionally high nor low compared to the surrounding areas. The renter share, at 25.9%, is a significant portion of the local population but does not necessarily indicate a higher concentration of Section 8 tenants alone.
To determine if ZIP 79772 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we can examine the relationship between its FMR, market rent, and home values. Given that the market rent is below the FMR and the home values are consistent with the county average, it suggests that 79772 could be considered a value pocket. This implies that landlords and small-portfolio investors might find properties here to be more affordable while still being able to charge rents that meet or exceed the fair market standards.
A key point of interest is the divergence between the relatively high renter share and the below-metro home values. This combination often points to a location where there is a significant presence of rental assistance programs such as Section 8. Landlords in 79772 can benefit from this dynamic as they can potentially secure a steady stream of tenants who are eligible for rental subsidies, ensuring stable occupancy and income.
In summary, ZIP 79772 offers an opportunity for investors looking to enter a value pocket within the Ward County, TX metro. The lower market rent combined with the county-average home values and a substantial renter share creates a favorable environment for those interested in leveraging rental assistance programs to their advantage.
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.