Location: Montague County, TX | Metro: Montague County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The Section 8 market in ZIP code 76251, located in Montague County, TX metro, offers a unique investment opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $1,400 for fiscal year 2026, which is the standard payment amount for voucher holders. However, without specific market rent data, it's challenging to definitively state whether voucher tenants will cashflow at the FMR, marginally, or only with premium units.
To derive insights into the rent-to-price ratio, we can look at the median home value in the area, which stands at $364,299. This figure suggests that the housing market is relatively stable and offers good value for investors. Given the FMR of $1,400, the annual rent would be approximately $16,800, leading to a rent-to-price ratio of roughly 4.6%. This ratio indicates that the rental income is modest compared to the median home value, but it still provides a steady stream of passive income.
While the day median Days on Market (DOM) and the percentage of homes that experience price cuts are not available, these metrics are crucial for understanding the balance between renting and buying in the area. Typically, a lower DOM and fewer price cuts suggest a stronger buyer's market, whereas higher values might indicate a more favorable rental market.
The strongest investor angle in ZIP 76251 is likely stability. With a solid median home value and a predictable HUD FMR, investors can rely on consistent returns from their rental properties. Although the rent-to-price ratio isn't exceptionally high, the stability of the housing market ensures that properties remain attractive to both renters and buyers, providing a secure investment environment.
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.