Location: Cooke County, TX | Metro: Sherman-Denison, TX MSA
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 | $1,030 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,780 | $338,958 | 0.53% | F |
U.S. Census Bureau data (2024)
The market analysis for ZIP code 76273 in the Cooke County, TX metro area reveals several key points for Section 8 investors. The HUD Fair Market Rent (FMR) for the zip code scope in fiscal year 2024 is set at $1300. In contrast, the Census American Community Survey (ACS) indicates that the current market rent stands at $1152.
This means that voucher tenants can cashflow at the HUD FMR without difficulty, providing a significant buffer of $148 per unit above the market rate. This positive cashflow scenario supports the viability of Section 8 investments in this area, especially considering the median home value is $352,076. The rent-to-price ratio, calculated from these figures, comes out to approximately 0.34%, which is favorable for rental property investors looking for steady income.
The data also shows that the median Days on Market (DOM) is N/A-day, and the share of homes that have undergone price cuts is 0.2%. These statistics suggest a stable housing market where the demand for rental properties is likely to be consistent. Given the strong cashflow potential and the stability of the local real estate market, the most compelling angle for investors in ZIP 76273 is the guaranteed cashflow from Section 8 vouchers, making it an attractive investment opportunity.
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.