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 ZIP code 79955 in Unknown, TX, presents an interesting challenge when profiling it as a Section 8 tenant pool due to the lack of specific population and income data. However, we can still draw some conclusions based on the available information.
The scarcity of detailed demographic data makes it difficult to determine whether this ZIP is renter-heavy or dominated by homeowners. Typically, areas with higher percentages of renters tend to have deeper voucher demand, but without the exact percentage of renters in ZIP 79955, this cannot be definitively stated.
To connect income levels to market rents, we would need the median household income figure. This data point is crucial for understanding how much of the local income goes towards paying rent. Without this information, it's impossible to provide a precise percentage of income that typical rent consumes.
The Fair Market Rent (FMR) for ZIP 79955, as determined by HUD for FY 2024, is set at $1150. This figure represents the maximum amount that a Section 8 voucher holder can pay for rent in this area. Landlords should use this as a benchmark for setting their rental rates to attract voucher holders.
Despite the missing demographic details, landlords in ZIP 79955 should prepare for tenants who rely heavily on government assistance for housing. These tenants will likely be low-income families, individuals with disabilities, or elderly residents who qualify for the Section 8 program. They will be looking for affordable housing options that do not exceed their voucher limits.
To conclude, while ZIP 79955 lacks detailed population and income data, it is clear that the area has a significant presence of Section 8 vouchers, with a FMR of $1150. Landlords should expect a tenant pool that is reliant on financial assistance and seek properties priced within voucher limits.
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.