Location: Young County, TX | Metro: Throckmorton County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The analysis of the Section 8 housing situation in ZIP 76372 reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for ZIP 76372, as set by HUD for metro FY 2026, is $970. In contrast, the market rent, based on the latest American Community Survey (ACS) data, stands at $584. This means there is a $386 gap between the FMR and the market rent, representing a 66.1% difference.
Given that the FMR exceeds the market rent, landlords and small-portfolio investors can leverage this gap to enhance their investment yields. By accepting Section 8 tenants, who are guaranteed a subsidy to cover the difference between the market rent and the FMR, landlords can secure higher monthly rental incomes compared to the open-market rates. This makes ZIP 76372 a favorable location for landlords seeking to maximize returns on their investments.
However, it's crucial to anchor this analysis within the broader context of ZIP 76372. Here, 24.5% of residents are renters, indicating a moderate rental market presence. The median home value is $222,522, and the median household income is $69,167. These factors suggest that while the rental market is present, it is not overwhelmingly dominant, and the local economy supports a mix of homeownership and renting.
For investors, the opportunity to increase rental income through Section 8 vouchers is clear. However, they must also consider the administrative requirements and potential challenges associated with managing properties under the voucher program. The combination of these factors presents a compelling case for landlords to explore the benefits of participating in the Section 8 program in ZIP 76372.
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.