Location: Cooke County, TX | Metro: Cooke County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The potential risks for a first-time Section 8 landlord investing in ZIP code 76250 are significant and must be carefully considered. Tenant turnover is a critical issue, with the market rent set at $1,212 compared to the Federal Market Rent (FMR) of $1,320 for FY 2026 in the metro area. This discrepancy suggests that tenants might prefer higher-paying market rents over the slightly lower Section 8 rates, leading to higher turnover and associated costs.
Vacancy exposure is another concern, as the Days on Market (DOM) data is currently unavailable. This lack of information makes it difficult to predict how long a property might remain vacant between tenancies, which can significantly impact cash flow and profitability. Additionally, the deferred-maintenance exposure is notable given the typical home value of $348,175 and a median income of $90,625. Landlords should expect to cover maintenance costs that tenants may not be able to afford, especially if the income level does not support additional expenditures beyond rent.
However, these risks are tempered by the high renter share of 16.0%. High renter density typically correlates with greater demand for housing vouchers, which can stabilize occupancy rates and provide a steady stream of tenants. The concentration of renters in ZIP 76250 ensures a robust pool of potential voucher holders, mitigating the risk of prolonged vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.