Location: Cooke County, TX | Metro: Cooke County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The median home value in ZIP 76253, located in Cooke County, TX, is $122,500. This figure is derived from recent housing market data which indicates that the real estate in this area is relatively affordable compared to broader metropolitan averages.
According to HUD's Fair Market Rent (FMR) for the fiscal year 2026, the FMR for the 76253 ZIP code is set at $1,290 for a unit within the metro scope. However, the actual market rent for the area is not readily available, suggesting a potential gap between government-set rates and real-world conditions. Given the HUD FMR, voucher tenants in this ZIP code will generally cashflow at the FMR rate, indicating that landlords can expect steady payments without significant risk of default.
To derive the rent-to-price ratio, we use the median home value of $122,500. Assuming a conservative estimate of 1% of the home value as monthly rent, the implied rent would be approximately $1,225. This closely aligns with the HUD FMR, suggesting that the rental market in ZIP 76253 is fairly priced relative to home values.
The lack of specific market rent data and the absence of information on the median days on market (DOM) and percentage of price cuts indicate that the rental versus buying dynamic is less pronounced in this area. This could mean that the housing market is stable, with fewer fluctuations seen in both rental and sales prices.
The strongest angle for investors in ZIP 76253 is stability. With consistent HUD FMR rates and a median home value that suggests a balanced rent-to-price ratio, investors can expect reliable cash flow and minimal volatility in the local real estate market.
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.