Location: Wichita Falls, TX | Metro: Wichita Falls, 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 | $890 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $161,085 | 0.76% | D |
| 3BR | $1,640 | $225,718 | 0.73% | D |
| 4BR | $1,850 | $337,722 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 76310 in Wichita Falls, TX, presents an interesting balance between yield and stability for real estate investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,110, which is significantly lower than the market rent of $1,765. This gap suggests a potential for higher yields if investors can secure properties at or below the FMR level. However, the median home value in the area is $250,205, indicating that property acquisition costs are relatively high compared to the rental income.
On the stability front, 76310 has a 27.6% rate of renters, which is moderate and implies a stable demand for rental housing. The Days on Market (DOM) for properties is 48 days, suggesting that homes are generally sold relatively quickly, but not so fast as to indicate a highly competitive or unstable market. The average household income is $82,183, providing a solid financial base for tenants to pay rent.
Given these metrics, ZIP 76310 leans towards being a steady-cashflow zone. While it offers opportunities for higher yields due to the disparity between FMR and market rents, the relatively high median home value and moderate rental rate suggest that quick flips might not be as profitable. The stability indicators, such as the DOM and renter percentage, point towards a market where long-term investments would likely perform well, ensuring consistent cash flow over time.
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.