Section 8 Fair Market Rent (FMR) for ZIP 79946 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 79946 in fiscal year 2024 is set at $1150. This figure represents the payment standard for Section 8 housing assistance in the area. It does not mean you will receive $1150 from every tenant; rather, it's the maximum amount the Housing Authority will pay on behalf of eligible tenants.

In ZIP 79946, the local median rent is currently N/A, which makes direct comparison difficult. However, the FMR serves as a benchmark to ensure that rents charged to Section 8 tenants are reasonable and reflective of market conditions.

The N/A% of residents who are renters indicates a significant demand for rental properties in this area. While the exact percentage is unavailable, a high proportion of renters generally suggests a steady pool of potential tenants.

When acquiring a property in ZIP 79946, expect the purchase price to be around N/A, based on recent sales data. This figure can help you estimate the initial investment required and determine if the property can be profitable under Section 8 guidelines.

To proceed confidently with your first Section 8 rental, verify that the property meets all local Housing Quality Standards (HQS). These standards ensure that the home is safe, decent, and sanitary, which is a prerequisite for participating in the program.

By understanding these key points about the FMR, local rent trends, the rental market share, and property acquisition costs, you can make an informed decision about whether ZIP 79946 is a suitable location for your first Section 8 rental property.

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.