Location: Hood County, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
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 | $1,250 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,130 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $250,005 | 0.66% | D |
| 3BR | $2,130 | $373,660 | 0.57% | F |
| 4BR | $2,710 | $483,800 | 0.56% | F |
| 5BR | $3,144 | $691,940 | 0.45% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76049, Granbury, TX, in fiscal year 2024 is set at $1620. This figure represents the payment standard for Section 8 housing vouchers in your area, meaning that if you participate in the program, this is the maximum amount the government will pay toward rent on behalf of eligible tenants. It's important to note that this is not the amount you should charge for rent; it's the upper limit for the subsidy.
To put this into perspective, the local Zillow Observed Rental Index (ZORI) for Granbury, TX, is currently at $1,778. This indicates that the typical market rent for a property in your area is slightly above the FMR. If you're considering participating in the Section 8 program, you'll need to ensure that your rent doesn't exceed the FMR to qualify for the subsidy.
The demand for rental properties in Granbury, TX, is solid, with renters making up 12.3% of the population. This suggests a reasonable pool of potential tenants who might be interested in your Section 8 rental unit. However, the competition could be fierce, especially since the FMR is lower than the average market rent.
If you're looking to acquire a new rental property in this area, you can expect the median home value to be around $405,329. This is the average price you would pay for a home in Granbury, TX, which is a significant investment. Before you proceed, it's crucial to verify that the property you plan to rent meets the Housing Quality Standards (HQS) required by the Section 8 program. These standards ensure that the property is safe and habitable for tenants, and failing to meet them could disqualify you from the program.
In summary, the FMR of $1620 sets the maximum subsidy level for Section 8 rentals in Granbury, TX, while the ZORI of $1,778 reflects the current market rent. With a 12.3% renter share, there's a good demand for rental properties, but you must confirm that your property complies with HQS to secure a spot in the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.