Location: Cooke County, TX | Metro: Dallas, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,230 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,500 | $223,683 | 0.67% | D |
| 3BR | $1,900 | $296,346 | 0.64% | D |
| 4BR | $2,400 | $337,638 | 0.71% | D |
U.S. Census Bureau data (2024)
The ZIP code 76258, located in Pilot Point, TX, presents a dynamic rental market influenced by federal guidelines and local economic conditions. The Fair Market Rent (FMR) for ZIP 76258 in fiscal year 2024 is set at $1500, which serves as a benchmark for affordable housing standards. In contrast, the actual market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $1,448. This suggests that the local rental market is slightly below the federal standard, indicating a potential balance between supply and demand.
The 0.2% price-cut share is a telling indicator of the current market conditions. A low percentage here implies that very few properties are being discounted, suggesting that landlords are generally able to maintain their rental rates without significant concessions. This stability could be due to steady demand, keeping the market relatively tight. However, the absence of days on market (DOM) data makes it challenging to fully assess the speed at which properties are rented, though the low price-cut share hints at brisk activity.
The median home value in ZIP 76258 is $333,702, reflecting the overall property values in the area. While this figure alone doesn't indicate whether supply outpaces demand, when combined with the rental market data, it suggests that homeownership remains a viable option for many residents. The fact that only 18.3% of the population are renters indicates a preference for owning homes over renting, which could imply less immediate pressure on the rental market but sustained interest in homeownership that keeps property values stable.
In summary, ZIP 76258 exhibits characteristics of a balanced market, where rental prices are close to federal guidelines, and there is little need for price reductions. The low renter share points towards a community where homeownership is the norm, which can provide a buffer against rapid fluctuations in the rental market. For landlords and small-portfolio investors, this ZIP code offers a stable environment with opportunities to capitalize on both rental and ownership trends.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.