Location: Hudspeth County, TX | Metro: Hudspeth County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 79851 presents a nuanced scenario for landlords and small-portfolio investors. The median home value is currently unavailable, which complicates direct comparisons to previous periods. However, the percentage of listings that have been reduced and the median days on market (DOM) also remain unspecified, suggesting a potential slowdown in sales activity. This combination could indicate a market where sellers are becoming more flexible on price, possibly due to prolonged listing times.
On the rental side, the Fair Market Rent (FMR) for ZIP code 79851 is set at $1000 for fiscal year 2024, aligning closely with the current market estimate of $1000 based on Census ACS data. This parity between FMR and actual market rents suggests stability in rental pricing, with little room for significant increases unless there is a marked change in supply or demand dynamics.
For long-term investors, the lack of specific appreciation data points to a cautious approach. Without concrete figures on historical appreciation rates or projected future growth, it's difficult to assert a strong appreciation thesis. The setup implied by the available data suggests that maintaining current property values and rents will likely require active management and possibly some adjustments to pricing strategies to stay competitive.
To summarize, the current data for ZIP 79851 indicates a stable but potentially sluggish market environment. Landlords and investors should prepare for a scenario where pricing power may be limited, necessitating strategic adjustments to ensure profitability and asset preservation.
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.