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 | $830 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $228,562 | 0.66% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 76458 presents a nuanced picture for landlords and small-portfolio investors. With a median home value at $207,363, the area reflects an affordable housing market. The fact that only 0.2% of listings have been reduced signals a strong pricing power for sellers, indicating that homes are generally selling at or near their asking prices. This stability suggests that there is little pressure on property owners to lower their prices, which can be advantageous for those looking to maintain or increase their equity.
The median days on market (DOM) being listed as N/A could imply several things. It might suggest a very efficient local real estate market where properties are sold quickly, often before they even hit the market. Alternatively, it could indicate a lack of sufficient data points to calculate a meaningful median DOM, which would still support the notion of a robust seller's market.
On the rental side, the Fair Market Rent (FMR) for ZIP 76458 in fiscal year 2024 is set at $1180, while the current market rent stands at $843 according to the Census ACS. This discrepancy highlights a potential opportunity for landlords to increase rents towards the FMR level, assuming the market continues to support such adjustments. The gap between the FMR and actual market rents indicates room for growth, especially if the area experiences an influx of new residents or an improvement in economic conditions.
For long-term investors, the setup implies a market that is likely to remain stable, with some potential for appreciation. The low percentage of price reductions and the affordability of median home values suggest that the area is attractive to first-time buyers and renters alike. However, the realistic appreciation thesis is constrained by the overall economic environment and local market dynamics. While there is no guarantee of significant appreciation, the current conditions indicate a solid foundation for maintaining property values and potentially increasing rental income over time.
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.