Section 8 Fair Market Rent (FMR) for ZIP 79918 - 2027

Location: El Paso, TX | Metro: El Paso, TX HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,160
1 Bedroom	$1,410
2 Bedrooms	$1,670
3 Bedrooms	$2,270
4 Bedrooms	$2,780
5 Bedrooms	$3,225
6 Bedrooms	$3,612
7 Bedrooms	$3,901
8 Bedrooms	$4,096

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

274

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

N/A

Renter Occupied

The investment landscape for Section 8 properties in ZIP code 79918 presents several challenges that must be carefully considered. Tenant turnover is a significant concern, especially when comparing the market rent to the Fair Market Rent (FMR) of $1150 for FY 2024. While the market rent is not specified, it's crucial to align rental prices with the FMR to avoid losing tenants who rely on vouchers. Vacancy exposure is another critical issue, given the lack of data on days on market (DOM). A higher DOM indicates a longer period where the property might remain vacant, leading to lost rental income. Deferred maintenance is also a risk factor, particularly due to the absence of data on the typical home value and median income in the area. Without these figures, it's difficult to assess the financial capacity of residents to maintain homes adequately, which can lead to costly repairs and renovations for landlords.

Tenant Turnover: High turnover rates can be expected if the market rent significantly deviates from the $1150 FMR. This can disrupt cash flow and increase management costs.
Vacancy Exposure: The unknown days on market (DOM) suggest potential difficulty in filling vacancies quickly, especially in a competitive rental market.
Deferred Maintenance: Without knowing the typical home value and median income, assessing the risk of deferred maintenance is challenging. However, it's a common issue in areas where residents have limited financial resources.

Despite these risks, the high renter share in ZIP 79918, though unspecified, typically translates into strong demand for rental properties, including those accepting Section 8 vouchers. This demand can help mitigate some of the risks associated with tenant turnover and vacancy exposure.

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.