Location: Palo Pinto 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 | $880 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $148,365 | 0.78% | D |
| 3BR | $1,590 | $229,353 | 0.69% | D |
| 4BR | $1,920 | $307,536 | 0.62% | D |
U.S. Census Bureau data (2024)
The potential pitfalls for a Section 8 landlord in ZIP code 76067 in Mineral Wells, TX, are significant. The market rent stands at $1,192, while the Fair Market Rent (FMR) for FY 2024 is set at $1,170. This discrepancy suggests that landlords might face challenges in attracting tenants who qualify for Section 8 vouchers due to the lower FMR compared to the local market rate. Tenant turnover can be expected to be higher, leading to increased costs associated with finding new tenants.
Vacancy exposure is another concern. The Days on Market (DOM) figure is not available, which makes it difficult to predict how long a property might remain vacant between tenants. A longer DOM period would increase the financial burden on landlords, especially when combined with the lower FMR.
The deferred-maintenance exposure is also noteworthy. With a typical home value of $202,300 and a median household income of $62,190, many residents may struggle to afford the upkeep of their homes. This could translate into higher maintenance costs for landlords, as they may need to cover more repairs and improvements to keep properties habitable.
However, these risks must be weighed against the high renter share of 35.5%. High renter density typically correlates with a greater demand for rental housing, including those who rely on Section 8 vouchers. This demand can provide a steady stream of qualified tenants, potentially offsetting some of the financial risks associated with lower rents and higher maintenance costs.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.