Location: Jack County, TX | Metro: Wise County, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $198,824 | 0.58% | F |
| 3BR | $1,600 | $286,641 | 0.56% | F |
| 4BR | $1,890 | $353,766 | 0.53% | F |
U.S. Census Bureau data (2024)
ZIP code 76426 in Wise County, Texas, stands out due to its unique mix of economic factors. With a population of 11,632, this area has a rental rate of 25.0%, indicating a moderate demand for rental properties. The median income here is $92,130, which is relatively high, suggesting that many residents have disposable income beyond basic necessities. However, the median home value of $277,000 is also notable, reflecting a balance between affordability and property value.
The dynamics of the housing market in ZIP 76426 are further defined by the disparity between the Fair Market Rent (FMR) and the Zillow Rent Index (ZORI). For fiscal year 2024, the FMR is set at $1,060, while the ZORI indicates a market rent of $1,433. This means that landlords participating in the Section 8 program can expect lower rents compared to the market average. Despite the difference, the higher median income supports the potential for stable occupancy rates and timely rent payments.
Given the data signature, ZIP 76426 appears to be a stable market. The relatively high median income suggests that tenants are likely to be reliable, and the moderate rental rate indicates a balanced demand for both rental and owned properties. While the FMR is significantly below the market rate, the overall economic health of the area provides a solid foundation for long-term investment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.