Location: Wichita Falls, TX | Metro: Wichita Falls, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
The market in ZIP 76352, located in Unknown, TX, presents a dynamic environment with particular attention drawn to the Federal Market Rent (FMR) figure of $960 for fiscal year 2024. This data point stands alone, as other critical metrics such as market rent, price-cut share, days on market (DOM), and median home value are currently unavailable. However, the presence of an FMR without corresponding market rent data suggests that the government is actively involved in setting rental standards, which can indicate a regulated market.
The lack of specific percentages for price-cut share and DOM, alongside the unavailability of median home value, points to a scarcity of recent sales data, which could imply either a low volume of transactions or a nascent real estate market. In such a scenario, it's challenging to determine if supply outpaces demand or vice versa, but the absence of these metrics hints at a less active trading environment compared to more established markets.
A notable gap exists in the data regarding the percentage of renters. This missing information is crucial for understanding the long-term housing pressure in ZIP 76352. Typically, a higher renter share indicates greater housing pressure, as more individuals and families rely on rental properties rather than owning homes. The unknown renter share makes it difficult to assess the stability of the rental market and the potential for future growth or decline in demand for rental units.
In summary, ZIP 76352 appears to be a market characterized by limited data, suggesting both opportunities and challenges for landlords and small-portfolio investors. The government-set FMR provides a benchmark for rental pricing, while the incomplete dataset implies a need for careful analysis and possibly further investigation into local real estate trends and activity levels.
Data Sources: FMR data from HUD (2027).
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.