Location: Montague County, TX | Metro: Cooke County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76239, set at $1,060 for metro fiscal year 2026, represents the payment standard for Section 8 housing vouchers. This means that landlords will receive a subsidy up to this amount per month, regardless of the actual rent charged to tenants. However, it's important to note that this is not the rent you should charge your tenants; rather, it's the maximum amount the government will pay towards the rent.
To put this into perspective, the average rent in ZIP 76239 is currently $849, based on Census ACS data. This indicates that the FMR is higher than the typical market rate, which can be beneficial for landlords participating in the Section 8 program. The difference between the FMR and the local average rent suggests that landlords could potentially charge slightly above the average market rate without exceeding the payment standard.
The 23.0% renter share in ZIP 76239 shows that there is a significant portion of the population who rely on renting, indicating a steady demand for rental properties. This makes the area attractive for investment in rental housing, especially for those considering a Section 8 property.
If you're looking to acquire a property in this ZIP code, the median home value stands at approximately $469,698. This figure reflects the typical price range for homes in the area, which can help inform your decision-making process regarding the purchase of a potential Section 8 rental property.
Before proceeding with your first Section 8 rental in ZIP 76239, ensure that your property meets all the necessary Housing Quality Standards (HQS). These standards are set by the U.S. Department of Housing and Urban Development (HUD) and must be met for a property to be eligible for the Section 8 program. Failure to comply with these standards can result in disqualification from the program, so it's crucial to verify that your property is in good condition and up to code.
In summary, the FMR of $1,060 provides a solid financial benchmark for landlords, while the local average rent of $849 offers insight into the typical market conditions. With a 23.0% renter share, there is a consistent demand for rentals in ZIP 76239. The median home value of $469,698 gives an idea of the acquisition cost. Confirming that your property meets HUD's HQS is a critical step before engaging in the Section 8 program.
Data Sources: FMR data from HUD (2027). 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.