Location: Hood County, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,400 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
U.S. Census Bureau data (2024)
ZIP code 76035, located in Cresson, TX, offers insights into its rental market dynamics based on the available data. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,380, while the market rent stands at $1,617. This suggests a relatively strong demand for rental properties, with the market rent exceeding the FMR by $237 per month. However, the median home value is significantly higher at $431,158, which could indicate that homeownership is more prevalent than renting.
The stability of the rental market in ZIP 76035 can be gauged by several factors. Approximately 30.2% of residents are renters, which is a moderate figure. The lack of data on days on market (DOM) makes it challenging to assess how quickly rental units turn over, but the median household income of $118,333 provides some assurance regarding tenants' ability to pay rent consistently. This income level is robust and should support stable cash flows for landlords.
To classify ZIP 76035, consider the following: the rental market shows potential for high yields, given the market rent exceeds the FMR. However, the stability is somewhat compromised by the relatively low percentage of renters and the absence of DOM data. Therefore, ZIP 76035 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it falls into a middle ground where landlords can expect decent returns but must manage risks associated with tenant turnover and the economic conditions affecting a mixed housing market.
For small-portfolio investors, ZIP 76035 presents an opportunity for investment with a focus on managing the balance between yield and stability. The market rent of $1,617 is a key figure for projecting cash flow, while the median income of $118,333 provides a foundation for assessing tenant reliability.
Data Sources: FMR data from HUD (2027). 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.