Location: Brewster County, TX | Metro: Brewster County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP 79842 highlights several potential issues that could impact a landlord's financial stability when participating in the Section 8 program. Tenant turnover is a significant concern, given that the market rent is not available but the Fair Market Rent (FMR) for FY 2026 in the metro area is set at $970. This discrepancy between market rates and FMR could lead to higher turnover if tenants find better rental deals outside the program.
Vacancy exposure is another critical risk factor. The days on market (DOM) for the area is not specified, which means landlords might face extended periods of vacancy. This uncertainty can significantly affect cash flow and profitability.
Deferred maintenance is also a risk, especially considering the typical home value of $190,643 and a median income of $45,596. These figures suggest that many homeowners may struggle to keep up with necessary repairs and improvements, potentially leading to subpar living conditions and increased maintenance costs for landlords.
However, these risks must be weighed against the high renter share in the area, which stands at 37.9%. High renter density typically translates into higher demand for housing vouchers, making it easier to fill vacancies with Section 8 tenants. This robust demand can provide a steady stream of rental income, even if it requires adhering to the government-set FMR.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.