Location: Pecos County, TX | Metro: Crockett County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 79781 presents an interesting scenario for both renters and landlords. Given the lack of data on median income and market rate rent, we must rely on other indicators to assess the rental landscape.
Affordability is a critical factor for renters. The Fair Market Rent (FMR) set at $1,060 for metro areas in fiscal year 2026 serves as a benchmark for voucher payments. This figure is crucial because it represents the maximum amount that a household receiving a housing voucher should pay for rent and utilities.
With only 74 residents and 0.0% identified as renters, the competition among landlords is minimal. However, the absence of a significant rental population could also suggest a limited demand for rental properties. The affordability gap, therefore, becomes a key consideration. If the actual market rate rent exceeds the $1,060 voucher standard, it implies that renters without vouchers might struggle to find affordable housing options.
For landlords in ZIP 79781, the strategy should focus on understanding the local economy and identifying the sources of income for potential tenants. Given the low population and unknown median income, relying solely on cash-paying tenants could be risky if they cannot afford the rents. Conversely, accepting housing vouchers aligns with the affordability benchmark set by the government, ensuring a steady stream of income regardless of the economic conditions affecting cash-paying tenants.
The takeaway is clear: landlords in ZIP 79781 should consider diversifying their tenant base to include those who receive housing vouchers. This approach mitigates the risk associated with the unknown market rate and ensures that the rental properties remain accessible to the community, fostering a stable and predictable income source.
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.