Section 8 Fair Market Rent (FMR) for ZIP 76210 - 2027

Investment Score for ZIP 76210

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,670
1 Bedroom	$1,730
2 Bedrooms	$2,030
3 Bedrooms	$2,560
4 Bedrooms	$3,250
5 Bedrooms	$3,770
6 Bedrooms	$4,222
7 Bedrooms	$4,560
8 Bedrooms	$4,788

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,560	$348,483	0.73%	D
4BR	$3,250	$418,846	0.78%	D
5BR	$3,770	$506,636	0.74%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 76210 (TX) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) figures for ZIP code 76210, as of 2026, indicate that the rental market is relatively high-priced compared to national averages. For a two-bedroom unit, the FMR is set at $2210, which represents 23.3% of the median household income of $113,980. This suggests that the rent for a two-bedroom unit is quite affordable relative to local incomes, but it also implies that there could be significant competition among voucher holders due to the high cost of living in the area. Given the lack of recent Zillow data, we cannot directly compare FMRs to actual market rents. However, based on the occupancy rate of 96.4%, it can be inferred that the market is tight, meaning that actual rents might be close to or even above the FMR levels. The high occupancy rate indicates that there is strong demand for housing, which could lead to higher rents than the FMRs suggest. #### Affordability & Renter Profile The population of ZIP code 76210 is 47,610, with 24.2% being renters. Given the median household income of $113,980, the majority of residents likely have stable employment and financial means. This demographic suggests that the typical renter in this ZIP code is likely to be financially secure and able to afford higher rents. However, the 24.2% renter percentage is relatively low, indicating that this area has a higher proportion of homeowners compared to renters. This could mean that the rental market is smaller and more competitive, making it challenging for voucher holders to find suitable housing. The high median income also suggests that the rental market is skewed towards higher-end units, which could further limit options for those relying on vouchers. #### Investor Angle From an investor perspective, the FMRs provide a benchmark for determining whether properties can generate positive cash flow. Let’s consider the cash flow potential for a two-bedroom unit, which is the most common type of rental property: - **FMR for 2BR Unit**: $2210 - **Median Household Income**: $113,980 - **23.3% of Median Income**: $26,568 annually, or approximately $2,214 monthly The FMR for a two-bedroom unit is slightly below 23.3% of the median income, suggesting that it is feasible for tenants to afford these rents without significant financial strain. However, the high occupancy rate and limited renter pool imply that the market is tight, and investors would need to ensure their properties are well-maintained and competitively priced to attract tenants. In terms of investment grade, the high median income and occupancy rate suggest that the area is generally stable and attractive for investment. However, the limited number of renters and the high cost of living could pose challenges for investors targeting Section 8 voucher holders specifically. It is important to note that while the overall market is favorable, the niche market for Section 8 properties might be more constrained. #### Specific Actionable Insights 1. **Focus on Two-Bedroom Units**: Given that the FMR for a two-bedroom unit is $2210, which is just under 23.3% of the median income, this size of unit is likely to be the most balanced between affordability and demand. Investors should prioritize acquiring or developing two-bedroom units to maximize their chances of attracting tenants who can afford the rent. 2. **Competitive Pricing Strategy**: With an occupancy rate of 96.4%, the market is tight, and investors must price their units competitively to avoid vacancies. While FMRs serve as a guideline, investors should consider setting rents slightly below the FMR to ensure they remain attractive to potential tenants. For example, pricing a two-bedroom unit at $2150 instead of $2210 could make it more appealing. 3. **Location-Specific Marketing**: Since the rental market is smaller and more competitive, targeted marketing efforts will be crucial. Investors should focus on advertising their properties in areas where Section 8 voucher holders are likely to look for housing, such as community centers, local newspapers, and online platforms frequented by low-income families. #### Bottom Line For Section 8-focused investors, ZIP code 76210 presents a mixed picture. On one hand, the high median income and occupancy rate indicate a stable and desirable market. On the other hand, the limited number of renters and the high cost of living could make it challenging to find and retain tenants who rely solely on vouchers. **Recommendation**: **Hold**. Investors should hold off on aggressive expansion into this ZIP code unless they can secure properties at a price point that allows for competitive rents below the FMR. The market dynamics suggest that while there is potential, the risks and constraints associated with Section 8 vouchers in this area require careful consideration before making any investment decisions.

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.