Location: Ward County, TX | Metro: Ward County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
U.S. Census Bureau data (2024)
The ZIP code 79788 stands out due to its unique characteristics that set it apart from other areas. With only 699 residents, it is one of the smallest ZIP codes in terms of population size. A notable 7.1% of these residents rent their homes, indicating a limited rental market. The median income in this area is $57,109, which provides insight into the financial stability of its residents. However, the median home value is listed as N/A, suggesting a lack of available data on homeownership values.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 79788 in fiscal year 2026 is set at $1,260. This figure is crucial for landlords and small-portfolio investors as it reflects the government's assessment of rental costs in the area. Given the N/A status for the market rent, it is evident that there is no comparative data available to assess how the FMR aligns with actual market conditions. This absence of market rent data could indicate either a very small rental sector or incomplete data collection.
Based on the available data, the ZIP code 79788 presents a picture that can be described as stable but also transitional. The small population and limited rental market suggest a stable environment with little change expected in the immediate future. However, the lack of data on median home value and market rent points towards a transitional phase where more comprehensive data might be forthcoming, providing clearer insights into the economic dynamics of the area.
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.