Location: El Paso, TX | Metro: El Paso, TX HUD Metro FMR Area
| 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 |
The rental landscape in ZIP code 79952, located in an unspecified area of Texas, presents unique challenges and opportunities for both tenants and landlords. The median income figure is currently unavailable, which makes it difficult to assess the financial health and earning capacity of the typical household in this region. However, the market rate for rentals is also listed as N/A, indicating a lack of comprehensive data on what residents are paying for housing.
In contrast, the Federal Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1150. This figure serves as a benchmark for the Housing Choice Voucher Program, commonly known as Section 8, which subsidizes rent for low-income families. Given the absence of median income and market rate data, the $1150 FMR becomes a critical reference point for understanding the rental affordability in 79952.
The percentage of renters and the total population in ZIP 79952 are also unspecified, but these gaps highlight the need for landlords to be strategic in their approach to attracting tenants. Without precise numbers, it's challenging to gauge the level of competition among landlords and the overall demand for rental properties in this area.
The unknown median income and market rate suggest a significant data gap that could impact the ability of households to afford housing. Assuming the FMR reflects a reasonable estimate of the actual market conditions, a household receiving a voucher would have a fixed rent cost of $1150. This amount is likely to be more affordable for low-income families compared to the unknown market rate, implying that voucher recipients might face fewer options if market rates exceed the FMR.
Takeaway for Landlords: In ZIP 79952, where key demographic and economic indicators are missing, landlords must rely on available data points such as the FMR to inform their rental strategies. Accepting Section 8 vouchers ensures a steady, government-backed income stream at a known rate. However, without clear information on local market rates and tenant affordability, landlords should consider conducting a thorough analysis of the local rental market to determine whether focusing on voucher tenants or cash-paying tenants offers better long-term returns. Engaging with local real estate associations or performing targeted surveys could provide valuable insights into the true dynamics of the rental market in this area.
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.