Location: El Paso, TX | Metro: El Paso, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
U.S. Census Bureau data (2024)
The ZIP code 79916, located in Texas, stands out due to its relatively small population size of 3,055 residents. While the exact percentage of renters and median income figures are not available, the data does provide insight into the housing market through the Fair Market Rent (FMR) for the area. For fiscal year 2024, the FMR for ZIP 79916 is set at $1730. This figure is crucial for landlords and small-portfolio investors as it directly influences the amount of rental assistance that tenants can receive through the Section 8 Housing Choice Voucher program.
In terms of voucher economics, the FMR of $1730 serves as the benchmark for determining the maximum rental assistance payment. Landlords participating in the Section 8 program should be aware that their rent cannot exceed this amount. Although the market rent is not specified, the FMR provides a reliable estimate of the average rent that tenants in this ZIP code can afford with the help of vouchers. This makes it easier for landlords to set competitive rental rates that comply with the program's guidelines.
The data signature for ZIP 79916 reads as stable. The consistent presence of the FMR indicates that there is a reliable basis for rental pricing in the area. Despite the lack of detailed demographic data such as the percentage of renters and median income, the established FMR suggests that the local housing market is predictable and well-regulated. This stability is beneficial for both landlords and tenants, ensuring that rental costs remain manageable and that properties can attract eligible Section 8 participants.
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.