Location: Odessa, TX | Metro: Odessa, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,080 |
| 5 Bedrooms | $2,413 |
| 6 Bedrooms | $2,703 |
| 7 Bedrooms | $2,919 |
| 8 Bedrooms | $3,065 |
Total population in ZIP 79776 is very low, at just 3 individuals. This makes it challenging to draw robust conclusions about the overall rental market dynamics. However, the total number of households is 8, indicating a small but present residential base.
The median household income for ZIP 79776 is listed as $0, which is likely due to insufficient data rather than actual income levels. Therefore, we need to look at broader regional data to estimate income levels.
The average market rent for the area is also listed as $0, again pointing to a lack of sufficient data. However, given the small population and limited number of households, it is reasonable to infer that market rents might be relatively low, potentially aligning well with the Fair Market Rent (FMR) of $1,600 for the metro area in fiscal year 2026.
To determine the percentage of local income spent on rent, we would typically compare the median household income to the average market rent. Given the incomplete data, we cannot calculate this directly. However, if we assume a typical median household income in the region, say $30,000, and a market rent of $800 (hypothetical), then rent would consume approximately 32% of the average income. This is a significant portion but still within manageable limits for many voucher holders.
Landlords in ZIP 79776 should expect a tenant pool that is financially constrained, relying heavily on housing vouchers. The small size of the population and the limited number of households suggest that the demand for Section 8 vouchers may be concentrated among a few families or individuals. Compliance with HUD regulations and a focus on affordability will be crucial for attracting and retaining tenants in this ZIP code.
Given the scarcity of detailed data, landlords should also consider broader trends in Ector County or nearby areas to better understand the local rental market and tenant profiles.
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.