Section 8 Fair Market Rent (FMR) for ZIP 76226 - 2027

Investment Score for ZIP 76226

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	$2,240
1 Bedroom	$2,300
2 Bedrooms	$2,710
3 Bedrooms	$3,410
4 Bedrooms	$4,340
5 Bedrooms	$5,034
6 Bedrooms	$5,638
7 Bedrooms	$6,089
8 Bedrooms	$6,393

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	$3,410	$446,694	0.76%	D
4BR	$4,340	$599,961	0.72%	D
5BR	$5,034	$777,820	0.65%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 76226 (TX) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) figures for ZIP code 76226 in Texas are set at $2380 for 0-bedroom units, $2470 for 1-bedroom units, $2900 for 2-bedroom units, $3650 for 3-bedroom units, and $4640 for 4-bedroom units. These figures represent the maximum amount that a Section 8 voucher holder can pay towards rent based on the size of the unit. However, without recent Zillow data, it is challenging to directly compare these FMRs to actual market rents. Given the high median household income of $180,982, it is likely that actual rents exceed these FMRs, especially for larger units. For instance, the FMR for a 2-bedroom unit represents only 19.2% of the median income, suggesting that many residents could afford higher rents. This implies that voucher holders might face significant constraints in finding affordable housing within their allocated budget. #### Affordability & Renter Profile ZIP code 76226 has a relatively low renter population percentage of 6.4%, indicating that the majority of residents own their homes. The occupancy rate stands at 97.9%, which suggests that the rental market is quite tight, with few vacancies available. The high median household income further supports the notion that this area is primarily inhabited by homeowners who have the financial means to purchase property. Consequently, the limited number of renters in this ZIP code likely consists of individuals or families with higher incomes, making it a less attractive market for those relying solely on Section 8 vouchers. #### Investor Angle From an investor perspective, the FMRs provide a baseline for determining potential cash flow. Given the high median household income and the tight rental market, it is reasonable to assume that actual rents for properties in this ZIP code would be above the FMR levels. For example, a 2-bedroom unit at the FMR of $2900 would likely generate a lower cash flow if the actual market rent is significantly higher. The investment grade for this ZIP code would be considered moderate to high risk due to the limited rental demand and the likelihood that actual rents surpass the FMRs. Investors should carefully consider the potential for vacancy and the difficulty in attracting tenants who qualify for Section 8 vouchers. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high median household income and the tight rental market, investors might find better success with smaller units such as 0-bedroom or 1-bedroom apartments. These units are more likely to align with the FMRs and attract tenants who can utilize Section 8 vouchers. For instance, a 0-bedroom unit at $2380 or a 1-bedroom unit at $2470 would be more affordable for voucher holders compared to larger units. 2. **Consider Alternative Rental Programs**: Since the rental market is tight and the Section 8 population is small, investors should explore alternative rental assistance programs that might offer higher subsidies. Additionally, targeting a broader range of tenants who might not rely solely on Section 8 vouchers but still require some level of financial assistance could improve occupancy rates and overall cash flow. #### Bottom Line Based on the provided data, the recommendation for Section 8-focused investors in ZIP code 76226 is to **Skip**. The high median household income and low renter population percentage indicate that the market is not well-suited for tenants relying on Section 8 vouchers. The tight occupancy rate and the likelihood that actual rents exceed FMRs make it challenging to achieve positive cash flow through Section 8 rentals alone. Investors should look for areas with a higher concentration of renters and potentially lower median household incomes to better align with the needs of Section 8 voucher holders.

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.