Location: Young 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)
The analysis for ZIP 76366 in Holliday, TX, reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. According to the data, the FMR for ZIP 76366 in fiscal year 2024 is set at $1,030. In contrast, the Census ACS indicates a market rent of $769. This means there is a gap of $261, or approximately 34%, between the FMR and the market rent.
If you are a landlord or small-portfolio investor considering Section 8 properties in ZIP 76366, this gap makes it a compelling yield play. The higher FMR compared to the market rent suggests that voucher tenants can pay above the average market rate, providing a better return on investment. Given that only 19.8% of residents are renters, there is potential for increased demand from voucher holders looking for affordable housing options.
The median home value in ZIP 76366 is $191,494, while the median income stands at $56,034. These figures highlight the affordability challenges faced by many residents, making Section 8 vouchers particularly valuable for those seeking stable housing. By renting to voucher tenants, landlords can capitalize on the government subsidy without facing the risks associated with renting below market rates.
In summary, the gap between FMR and market rent in ZIP 76366 presents an opportunity for landlords to achieve higher yields while serving a population that benefits greatly from housing assistance programs. The data clearly supports the viability of Section 8 properties in this area.
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.