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 | $800 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $95,079 | 1.15% | B |
| 3BR | $1,470 | $192,123 | 0.77% | D |
| 4BR | $1,660 | $283,336 | 0.59% | F |
U.S. Census Bureau data (2024)
The ZIP code 76354, located in Burkburnett, TX, represents a moderately renter-heavy area with significant potential for Section 8 tenants. With a population of 11,990, nearly 29.6% of residents are renters, indicating a substantial demand for rental properties. This percentage suggests that there is a notable pool of individuals who could be utilizing housing vouchers.
The median household income in the area is $68,721, which provides context for the affordability of rent. The average market rent stands at $964, which consumes approximately 14% of the median household income. This figure is slightly below the Fair Market Rent (FMR) of $1,010 for FY 2024, making the area somewhat affordable for voucher holders.
Landlords in ZIP 76354 can anticipate a diverse tenant profile, primarily consisting of low-income families who rely on government assistance for housing. These tenants will likely have a monthly income that aligns closely with the guidelines set by the Housing Choice Voucher program. Given the FMR, landlords should ensure their rents are competitive and within the acceptable range to attract and retain voucher recipients.
In summary, ZIP 76354 offers a reasonable opportunity for landlords interested in Section 8 tenants. The combination of a significant renter population and an average market rent slightly lower than the FMR makes it a viable location for properties seeking to cater to voucher users. Landlords should prepare for a tenant base that includes many low-income households looking for stable and affordable housing solutions.
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.