Location: Hill 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 | $1,220 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,910 | $263,883 | 0.72% | D |
| 4BR | $2,390 | $450,710 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 76093 has a population of 4,198 residents, with 15.1% being renters. This indicates that the area is primarily dominated by homeowners rather than renters. However, there is still a notable presence of renters who could potentially rely on Section 8 housing vouchers.
The median household income in ZIP 76093 is $57,200, which provides a basis for evaluating the affordability of rental properties. The current market rent stands at $1,222 per month. To understand the financial burden of renting, we can calculate that the typical rent eats up approximately 25.5% of the local median income. This percentage is derived from the formula: ($1,222 * 12 months) / $57,200 = 25.5%. Landlords should note that this level of expenditure on rent might be considered high by many tenants, especially those dependent on Section 8 vouchers.
The Fair Market Rent (FMR) for ZIP 76093, as set by HUD for FY 2024, is $1,360. This figure represents the maximum rent allowable under the Section 8 program. Since the market rent is lower than the FMR, it suggests that there is room for landlords to potentially increase rents without exceeding the voucher limits, although they must remain competitive within the market.
A landlord in ZIP 76093 should expect a tenant profile characterized by individuals or families whose total income is around or below the median household income. These tenants will likely have a portion of their rent subsidized through Section 8 vouchers. Given the income levels and the cost of living, landlords should prepare for tenants who are sensitive to price changes and may prioritize affordability over amenities or location.
In summary, while ZIP 76093 is not heavily dominated by renters, there is a significant enough tenant base to make Section 8 vouchers relevant. Landlords should focus on providing value for money, ensuring that their properties meet the standards required for voucher acceptance, and possibly offering additional support services to attract and retain tenants effectively.
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.