Location: Jack County, 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 |
U.S. Census Bureau data (2024)
19.3% of residents in ZIP code 76365 are renters, indicating a modest demand for rental properties in the area. The Fair Market Rent (FMR) for Section 8 in ZIP 76365 for fiscal year 2024 is set at $980, which is slightly higher than the $787 market rent observed according to the Census ACS data. This suggests that Section 8 vouchers could provide a stable source of income for landlords, as they cover more than the average market rent. Landlords should also note that the median home value in the area is $183,898, which provides a benchmark for property values.
The median income of $78,484 in ZIP 76365 reflects the financial capacity of local residents, but it does not directly impact the Section 8 program, which is designed for low-income families. However, the fact that only 0.1% of listings have been price-cut indicates that the housing market is relatively stable, which could be beneficial for landlords participating in the Section 8 program.
The lack of data on days on market (DOM) means that there is no recent information on how quickly rental units are being leased, but given the stability of the market and the slight premium offered by Section 8 over market rent, it is reasonable to assume that turnover rates are not excessively high. This can be seen as a positive sign for long-term investment in rental properties, especially those participating in the Section 8 program.
In summary, ZIP 76365 offers a balanced environment for landlords and small-portfolio investors interested in the Section 8 program. With a fair market rent of $980 exceeding the typical market rent of $787, the potential for steady income exists. Moreover, the low price-cut share of 0.1% suggests a resilient market, making the area attractive for long-term investments. The verdict on Section 8 in ZIP 76365 is positive, offering a reliable and slightly above-market rental income for eligible properties.
Data Sources: FMR data from HUD (2027). 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.