Section 8 Fair Market Rent (FMR) for ZIP 79940 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$800
1 Bedroom	$970
2 Bedrooms	$1,150
3 Bedrooms	$1,560
4 Bedrooms	$1,920
5 Bedrooms	$2,227
6 Bedrooms	$2,494
7 Bedrooms	$2,694
8 Bedrooms	$2,829

Based on the available data, ZIP 79940 is located in El Paso, Texas. The specific demographic details such as population size, percentage of renters, median income, and median home value are currently not provided for this ZIP code. However, we can focus on the critical economic factors relevant to Section 8 investors.

The Fair Market Rent (FMR) for ZIP 79940 in fiscal year 2024 is set at $1150. This figure is crucial for understanding the rental subsidy landscape. Unfortunately, there is no specific market rent data available for comparison, which typically would help gauge the profitability margins for landlords.

In the absence of detailed local market data, it's essential to consider broader trends and the general economic environment of El Paso, TX. Given that the FMR is established at $1150, this suggests a baseline for rental pricing that aligns with the affordability standards set by HUD. For hands-off voucher operators, ZIP 79940 could be a suitable investment if the landlord can manage properties efficiently without requiring extensive renovations or management efforts.

On the other hand, for hands-on value-add buyers who seek to improve property values through strategic investments, the lack of specific market rent data presents a challenge. Without knowing the current market rents, it's difficult to assess whether there is potential for increasing rents beyond the FMR or if the area requires significant improvements to attract higher-paying tenants.

In summary, ZIP 79940 appears to be a location where hands-off investors can find stability through Section 8 vouchers, with a clear FMR benchmark. For those looking to actively manage and add value to their properties, further research into local market conditions is necessary to make informed decisions about potential returns and investment strategies.

Data Sources: FMR data from HUD (2027).

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.