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 | $1,390 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,690 |
| 5 Bedrooms | $3,120 |
| 6 Bedrooms | $3,494 |
| 7 Bedrooms | $3,774 |
| 8 Bedrooms | $3,963 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,680 | $224,672 | 0.75% | D |
| 3BR | $2,120 | $311,582 | 0.68% | D |
| 4BR | $2,690 | $439,227 | 0.61% | D |
| 5BR | $3,120 | $553,385 | 0.56% | F |
U.S. Census Bureau data (2024)
The market in ZIP 76266, Sanger, TX, reveals a dynamic equilibrium between supply and demand. With a Fair Market Rent (FMR) of $1770 for the fiscal year 2024 and a market rent, as indicated by ZORI, at $1769, there is minimal disparity suggesting a stable rental market. The 0.3% price-cut share indicates that very few landlords are compelled to reduce their rental rates to attract tenants, which is a positive sign for maintaining rent levels. However, the days on market (DOM) figure stands at 75 days, slightly above average, hinting at a modest surplus of available properties compared to interested renters.
The median home value in Sanger, TX, is $358,628. This figure, while not directly indicative of rental market conditions, provides context regarding the overall cost of living and property values in the area. A higher median home value might suggest that homeownership is becoming less affordable for some residents, potentially increasing the reliance on rental housing.
An 18.6% renter share points to a significant portion of the population choosing or needing to rent rather than buy. This percentage suggests ongoing housing pressure as renters often represent individuals and families who are either unable to purchase homes due to financial constraints or prefer the flexibility of renting. In the long term, a higher renter share can indicate sustained demand for rental units, which is beneficial for landlords and small-portfolio investors looking to capitalize on the rental market's stability and potential growth.
In summary, ZIP 76266 presents a rental market characterized by slight oversupply but strong demand, evidenced by the low price-cut share and high median home value. The 18.6% renter share underscores a trend towards increased reliance on rental housing, which is likely to persist given the current economic landscape and demographic preferences.
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.