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 | $1,240 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,450 |
| 5 Bedrooms | $2,842 |
| 6 Bedrooms | $3,183 |
| 7 Bedrooms | $3,438 |
| 8 Bedrooms | $3,610 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,490 | $237,850 | 0.63% | D |
| 3BR | $1,960 | $349,889 | 0.56% | F |
| 4BR | $2,450 | $465,755 | 0.53% | F |
U.S. Census Bureau data (2024)
Springtown, TX, located in Parker County, has a distinct profile among ZIP codes due to its unique combination of demographic and economic characteristics. With a population of 24,880 residents, Springtown stands out with only 14.8% of its inhabitants renting their homes. This low rental rate suggests a strong preference for homeownership, which is further supported by the median home value of $389,797. Despite the high median home value, the median income in Springtown is relatively modest at $92,485.
The voucher economics in Springtown present an interesting opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the ZIP code for fiscal year 2024 is set at $1,480, while the Zillow Observed Rent Index (ZORI) indicates a market rent of $1,731. This gap between the FMR and the actual market rent means that landlords who accept Section 8 vouchers can still achieve a reasonable profit margin, even if it's slightly below the current market rates. The difference of $251 per month between the FMR and ZORI can be leveraged by savvy investors to provide affordable housing options without sacrificing too much in terms of rental income.
Evaluating the data signature of Springtown, TX, it appears stable rather than transitional. The low rental rate and high median home value suggest a community where long-term homeownership is prevalent, indicating a settled and mature residential market. However, the median income being lower than the median home value might point towards some financial strain for residents, particularly those seeking to rent or purchase homes. This could mean that Section 8 vouchers play a significant role in facilitating access to housing for a portion of the population. For landlords, this stability means predictable demand for rental properties, especially those that fall within the FMR guidelines, making Springtown a reliable location for investment.
In conclusion, Springtown, TX offers a balanced environment for both homeowners and renters, with Section 8 vouchers providing a viable option for landlords to participate in the local housing market. The $1,480 FMR versus the $1,731 ZORI presents a realistic scenario where landlords can attract tenants using vouchers while maintaining profitability. Given the data, Springtown's housing market is stable, offering consistent opportunities for those interested in real estate investments.
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.