Section 8 Fair Market Rent (FMR) for ZIP 76050 - 2027

Location: Hill County, TX | Metro: Dallas, TX HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,140
1 Bedroom	$1,160
2 Bedrooms	$1,370
3 Bedrooms	$1,790
4 Bedrooms	$2,240
5 Bedrooms	$2,598
6 Bedrooms	$2,910
7 Bedrooms	$3,143
8 Bedrooms	$3,300

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,282

Median Household Income

$85,194

Housing Units

2,935

Renter Percentage

20.4%

Occupancy Rate

91.1%

Renter Occupied

546

Housing Authorities Serving ZIP 76050

Cleburne Housing Agency (Cleburne, TX) - 360 Section 8 vouchers
Housing Authority of Waxahachie (Waxahachie, TX)
Housing Authority of Ennis (Ennis, TX)
Housing Authority of Whitney (Whitney, TX)
Housing Authority of Hubbard (Hubbard, TX)
Housing Authority of Grandview (Grandview, TX)
Housing Authority of Ferris (Ferris, TX)

Grandview, TX, located in ZIP code 76050, is a growing suburban area that offers a mix of affordable housing options and access to larger metropolitan areas. This makes it an attractive location for both residents and investors alike.

The Fair Market Rent (FMR) for ZIP 76050 in fiscal year 2024 is set at $1,450, which represents the maximum amount that a low-income household can pay for rent under the Section 8 program.
The average market rent, according to the latest Census American Community Survey (ACS), is $1,017, indicating a below-average rental cost compared to the FMR, suggesting potential for rental growth.
The median home value in Grandview is $404,891, reflecting a stable housing market with opportunities for property appreciation.
Renters make up 20.4% of the population, a figure that points to a significant portion of the community relying on rental properties, creating demand for more units.
The median income in the area is $85,194, which supports the ability of residents to afford higher rents and potentially more expensive homes, driving up the value of rental properties.
Due to the lack of available data, the exact number of days on the market (DOM) for properties in Grandview cannot be determined, but the combination of steady median incomes and below-FMR market rents suggests a balanced market where properties typically sell within a reasonable timeframe.

In summary, Grandview presents a promising investment opportunity for landlords and small-portfolio investors. With a median home value of $404,891 and a median income of $85,194, there is potential for property appreciation and rental income growth. The current market rent is significantly lower than the FMR, indicating room for price increases. Additionally, the 20.4% renter share ensures a consistent demand for rental properties. While the exact days on the market are unknown, the overall economic stability of the area suggests that properties will likely find buyers or tenants efficiently.

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.