Section 8 Fair Market Rent (FMR) for ZIP 76384 - 2027

Location: Wilbarger County, TX | Metro: Foard County, TX

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$830
1 Bedroom	$830
2 Bedrooms	$1,090
3 Bedrooms	$1,300
4 Bedrooms	$1,570
5 Bedrooms	$1,821
6 Bedrooms	$2,040
7 Bedrooms	$2,203
8 Bedrooms	$2,313

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

12,069

Median Household Income

$53,564

Housing Units

5,566

Renter Percentage

33.2%

Occupancy Rate

81.5%

Renter Occupied

1,508

The ZIP code 76384, located in Texas, is part of a suburban landscape that offers a mix of residential and commercial opportunities. The area is characterized by a growing population and modest housing values, making it attractive for both landlords and small-portfolio investors seeking stable returns.

The Fair Market Rent (FMR) for ZIP 76384 is set at $990 for the fiscal year 2026, indicating a benchmark for rental pricing in the area.
The actual market rent, based on Census ACS data, stands at $928, which is slightly below the FMR but still represents a competitive rate.
The median home value in the area is $98,846, reflecting an affordable housing market suitable for first-time buyers and investors.
Renters make up 33.2% of the local housing market, suggesting a significant demand for rental properties.
The median income for residents in ZIP 76384 is $53,564, providing insight into the economic profile of potential tenants.

In summary, ZIP 76384 presents a balanced investment opportunity with a modest gap between FMR and actual market rents, indicating potential for rental property appreciation. The lower median home value suggests a cost-effective entry point for real estate acquisitions. With a substantial portion of the population renting and a median income level that supports affordable housing costs, this area is well-suited for landlords and investors looking to capitalize on a growing rental market. The combination of these factors points towards steady cash flow and manageable competition, making it a viable choice for real estate investments.

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.