Location: Wise County, TX | Metro: Wise County, 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 | $910 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,650 | $450,662 | 0.37% | F |
| 4BR | $1,960 | $496,979 | 0.39% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 76073 is poised for stability and cautious optimism over the next 12-24 months, anchored by several key indicators. With a median home value of $450,335, the area reflects a solid foundation in terms of property values. The fact that only 0.2% of listings have reduced their prices suggests a strong seller's market where pricing power remains firmly in the hands of homeowners. This minimal reduction rate indicates that homes are generally holding their value well, which is a positive sign for long-term investment.
The median days on market (DOM) being listed as 'N/A' could imply either very quick sales or a limited number of transactions, both of which suggest a robust demand for housing in the area. Quick sales or a low transaction volume typically indicate a competitive market where homes are either priced right or sell rapidly due to high interest from buyers.
On the rental side, the Fair Market Rent (FMR) for ZIP 76073 in fiscal year 2024 is projected at $1,140, while current market rents hover around $1,194. This slight premium above the FMR suggests that landlords can maintain or slightly increase their rental rates without risking vacancy. However, it also indicates that there might be some pressure from government standards, which could limit the extent to which rents can rise.
For long-hold investors, the setup in ZIP 76073 implies a realistic appreciation thesis. The stable median home value combined with the low percentage of price reductions points towards an environment where property values are likely to appreciate gradually rather than experience significant volatility. Long-term investors should expect steady growth, driven by the consistent demand for housing and the area's economic fundamentals.
In summary, ZIP 76073 presents a balanced market for both homeowners and landlords. The strong seller's market and competitive rental rates suggest that maintaining current prices and rents will continue to be viable strategies. For those looking to invest for the long term, the expectation is for gradual appreciation, making this area a reliable choice for portfolio expansion.
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.