Location: Wise 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 | $1,310 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,000 | $313,221 | 0.64% | D |
| 4BR | $2,540 | $405,118 | 0.63% | D |
U.S. Census Bureau data (2024)
The ZIP code 76259 stands out within its county due to several key characteristics. With a population of 6,596 residents, it has a rental rate of 26.2%, indicating a significant portion of the community is leasing their homes rather than owning them. The median income in this area is $101,845, which places it above the national average, suggesting a relatively affluent demographic. However, the median home value at $361,498 might seem lower compared to other areas with similar income levels, making homeownership potentially more accessible.
When it comes to the economics of Section 8 vouchers in ZIP 76259, the data presents a clear opportunity for landlords. The Fair Market Rent (FMR) for the ZIP code for fiscal year 2024 is set at $1,700, while the Zillow Observed Rent Index (ZORI) indicates that market rents are around $2,150. This discrepancy means that landlords accepting Section 8 vouchers can still achieve a reasonable rent-to-income ratio, despite the voucher amount being lower than the market rate. The gap between FMR and ZORI provides a buffer that allows landlords to manage their properties effectively without incurring significant financial losses.
Based on the data signature of ZIP 76259, the environment appears stable. The median income and home values suggest a balanced economic situation where both renters and homeowners can find suitable housing options. The rental percentage also indicates a steady demand for leased properties, which is further supported by the Section 8 voucher program. Landlords and small-portfolio investors should take note of these figures and consider the potential benefits of participating in the Section 8 program, as it can provide a reliable source of tenants and help maintain occupancy rates in a stable market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.