Location: El Paso, TX | Metro: El Paso, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,470 | $208,275 | 0.71% | D |
U.S. Census Bureau data (2024)
The median income in ZIP code 79853 is $42,234. Given the absence of specific market rate data, it's challenging to determine if a household can comfortably afford typical rental costs. However, we can analyze the situation using the Fair Market Rent (FMR) standard set at $1030 for the fiscal year 2024.
Considering the median income, a household would likely struggle to pay much above $1030 per month for housing without financial strain. The FMR benchmark indicates that the average renter in this area can afford around $1030, which aligns closely with the median income. This suggests that many households might find it difficult to pay significantly higher market rates.
With only 8.4% of the 2,686 population being renters, competition among landlords in this ZIP code is relatively low. However, the affordability gap means that most renters will be highly sensitive to price changes and will prioritize cost-effective options. Landlords should consider the limited rental demand and the financial constraints of potential tenants when setting their rents.
The takeaway for landlords considering voucher versus cash-pay strategies is clear: given the low percentage of renters and the tight budget constraints, accepting vouchers at the FMR standard could be a viable strategy to attract and retain tenants. This approach ensures steady rental income and reduces the risk of vacancies, especially in an area where many households have a median income of $42,234 and are looking for affordable housing solutions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.