Location: Hamilton County, TX | Metro: Bosque 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 | $890 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,670 | $321,480 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 76457 is situated in a neighborhood characterized by a relatively low density of residents, with a total population of 4,244. Only 19.2% of these residents are renters, indicating a primarily owner-occupied community. The median household income in this area is strong at $72,238, reflecting a middle to upper-middle-class demographic. The median home value stands at $352,102, which further supports the notion of an affluent residential setting.
Turning to the rent economics, the Fair Market Rent (FMR) for ZIP 76457 as of the metro fiscal year 2026 is set at $1,210. In contrast, the current market rent, based on Census ACS data, is significantly lower at $988. This discrepancy suggests a potential opportunity for landlords who can position their properties to capture the higher FMR rates through participation in the Section 8 housing program.
Given the characteristics of ZIP 76457, it would be suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the higher FMR compared to market rent provides a guaranteed income stream above the local average. Meanwhile, value-add buyers could leverage the affluent environment and the disparity between FMR and market rent to renovate and reposition properties, attracting tenants willing to pay closer to the FMR rate. However, the relatively low percentage of renters in the area implies that demand for rental properties might be limited, necessitating a careful approach to property selection and management.
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.