Location: Haskell County, TX | Metro: Haskell County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The classification of ZIP code 76388 hinges on the available data regarding rental yield and market stability. With a Fair Market Rent (FMR) of $1,010 for the fiscal year 2026, it's clear that the rental yield potential is tied directly to the metro area's FMR, as specific market and home value figures are not provided. This suggests a moderate yield environment where landlords can expect to receive the average rent price for the area.
Regarding stability, the data indicates that only 9.4% of residents are renters, which points to a lower demand for rental properties. The lack of data on days-on-market (DOM) makes it challenging to assess how quickly rental units are filled, but given the low percentage of renters, we can infer a potentially slower turnover rate. Additionally, the median household income of $64,236 provides insight into the financial health of the local population, indicating a stable economic base that supports rental payments.
Based on these figures, ZIP 76388 does not fit the profile of a high-yield/low-stability flip-style market. Instead, it aligns more closely with a steady-cashflow zone. The moderate rental yields combined with the relatively stable income levels suggest a predictable and consistent cash flow for landlords. However, the low percentage of renters implies a competitive market where filling vacancies might require more effort and time, affecting overall profitability.
To conclude, the rental market in ZIP 76388 offers a balanced scenario for landlords and small-portfolio investors, leaning towards a steady-cashflow environment rather than high-risk, high-reward investments. Landlords should focus on maintaining quality properties to attract the limited pool of renters and ensure timely lease renewals.
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.