Location: Wise 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 | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,700 | $290,077 | 0.59% | F |
| 4BR | $2,030 | $381,419 | 0.53% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 76071 reveals a unique blend of yield and stability that is appealing to both landlords and small-portfolio investors. With a Fair Market Rent (FMR) of $1,070 for the fiscal year 2024, the rental market in this area offers a significant opportunity for high yield. This FMR is notably lower than the median market rent of $2,078, indicating that properties can be rented at a premium above the subsidized rates. Additionally, the average home value stands at $300,624, which is relatively high and suggests a robust local real estate market.
However, the stability of the ZIP code presents a different picture. Only 20.1% of residents are renters, which implies a smaller pool of potential tenants compared to areas with higher rental percentages. The lack of data on days on market (DOM) makes it challenging to assess how quickly properties might be leased. Furthermore, the median household income of $101,989 is substantial, but it does not directly correlate to the ability of residents to afford higher rents. Given these factors, ZIP 76071 leans towards being a high-yield market with moderate stability concerns.
To illustrate the high-yield aspect, consider the following: if an investor purchases a property for $300,624 and rents it out at the market rate of $2,078 per month, the annual gross rental income would be $24,936. Assuming a conservative vacancy rate and accounting for expenses, the net yield could still be attractive. On the other hand, the lower percentage of renters and the absence of DOM data suggest that finding and retaining tenants might require more effort and potentially lead to periods of vacancy.
In conclusion, ZIP 76071 is best categorized as a high-yield market with some stability risks. It is not a classic flip-style market due to the lack of rapid turnover data, nor is it purely a steady-cashflow zone because of the relatively low proportion of renters. Investors should weigh the potential for high rental income against the challenges of securing long-term tenancy.
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.