Location: Erath County, TX | Metro: Erath County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The ZIP code 76402, located within the Erath County, TX metro area, has a Fair Market Rent (FMR) of $1,170 for fiscal year 2026. This figure is critical for understanding the rental landscape in this specific area, especially for landlords and small-portfolio investors who need to align their rental pricing with federal guidelines.
Unfortunately, the market rent, home value, and renter share percentages for ZIP 76402 are not available at this time. However, we can still make some inferences based on the provided FMR data. The FMR is a benchmark used to determine eligibility for housing assistance programs, such as Section 8, and it reflects the average market rent for a standard unit in the area.
In comparison to typical Erath County, TX ZIP codes, where specific figures are absent, we must rely on general trends. If we assume that the typical FMR for Erath County ZIP codes is lower than $1,170, then 76402 could be considered a mid-tier neighborhood or slightly above average, depending on the county's overall economic conditions and housing market dynamics.
The lack of market rent and home value data makes it challenging to definitively categorize 76402 as a value pocket or a premium sub-market. Typically, a value pocket would have below-average home values and potentially a higher renter share, while a premium sub-market would likely exhibit higher home values and possibly lower renter share.
Without the exact percentages, we cannot confirm if 76402 is a sweet spot for Section 8 investments. However, a high renter share combined with below-metro home values often indicates a prime location for Section 8 properties. Landlords should consider investigating further into the local real estate trends and consult additional sources for comprehensive insights into the ZIP code's characteristics.
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.