Location: Cooke County, TX | Metro: Cooke County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 76263 in Cooke County, TX, reveals several key points for potential landlords and small-portfolio investors.
The rent math does not work favorably in this area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,110. However, the market rent data is currently unavailable, which suggests that actual rental rates might be lower than the FMR. This discrepancy could lead to suboptimal returns on investment if market rents do not meet the FMR.
Regarding property acquisition, the data shows that the median home value is also not available, making it challenging to assess the affordability of acquiring properties in this ZIP code. Additionally, the days on market (DOM) and the percentage of homes needing price cuts are both listed as 'N/A', indicating a lack of recent sales data to provide insight into the local housing market dynamics.
Tenant demand in ZIP 76263 is minimal. The total population stands at just 35, with a 0.0% renter share, suggesting that nearly all residents own their homes. This low demand for rentals means that finding tenants willing to pay the FMR could be difficult.
Verdict: Investing in ZIP 76263 presents significant challenges due to limited tenant demand and incomplete data regarding property values and market conditions. The unavailability of market rent figures makes it impossible to determine if rental income will cover expenses and provide a reasonable profit. Given the low population and zero renter share, landlords should expect difficulty in filling rental units. Until more comprehensive data becomes available, this ZIP code is not recommended for real estate investments targeting rental income.
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.