Location: Wood County, TX | Metro: Hopkins County, TX
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $371,315 | 0.41% | F |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for the 75440 ZIP code area in the Wood County, TX metro region for fiscal year 2026 is set at $1,030. This figure represents the maximum amount that landlords can charge for Section 8 voucher tenants. In comparison, the Census American Community Survey (ACS) reports an average market rent of $1,040 for the same area. Given these figures, landlords should expect their Section 8 properties to cashflow marginally, as the difference between the HUD FMR and market rent is minimal.
To further analyze the investment potential, consider the median home value in the area, which stands at $311,973. Using this figure, we can calculate the rent-to-price ratio. With an average market rent of $1,040, the annual rent would be approximately $12,480. Dividing this by the median home value yields a rent-to-price ratio of roughly 4%. This ratio suggests that rental income alone will not cover the mortgage payments for a typical property in this area, indicating that appreciation or stability might be stronger investment angles than cashflow.
The data provided does not include the median days on market (DOM) or the percentage of homes that require price cuts. However, given the tight correlation between the HUD FMR and market rent, it is reasonable to assume that the rental market is stable. Landlords and small-portfolio investors should focus on the long-term stability of this market rather than short-term fluctuations.
The strongest investor angle in the 75440 ZIP code area is likely stability. With a minimal gap between HUD FMR and market rent, and a relatively high median home value, investors can expect consistent performance without significant risks associated with volatile markets or low cashflow scenarios.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.