Location: Cooke County, TX | Metro: Cooke County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
The ZIP code 76241 is located in Gainesville, Texas, within Cooke County. The area is sparsely populated with only 5 residents recorded, indicating it is likely a rural or less densely inhabited part of Gainesville. Given the limited population, specific percentages of renters and median income figures are not available. However, the median home value is also listed as $0, suggesting there might be very few homes in this particular ZIP code.
Moving to the rent economics, the Fair Market Rent (FMR) for ZIP 76241 in the metro fiscal year 2026 is set at $1,260. While the exact market rent is not specified, the FMR provides a benchmark for understanding the rental landscape. For comparison, the lack of a reported market rent figure suggests that either the market is underdeveloped, or the data is incomplete due to the small number of residents.
In terms of investment suitability, ZIP 76241 appears to be more aligned with a hands-off voucher operator rather than a hands-on value-add buyer. The small population and limited housing stock indicate a lower demand for rental properties, making it less suitable for active property management or renovation projects. Instead, a landlord or investor focusing on Section 8 vouchers could find opportunities here, given the FMR guidance, but should expect a niche market with fewer tenants.
Data Sources: FMR data from HUD (2027).
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.