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 |
The ZIP code 76465 in Erath County, TX, stands out due to the lack of detailed demographic data currently available, which includes specific figures for the number of residents, percentage renting, median income, and median home value. This scarcity of information can make it challenging for landlords and small-portfolio investors to assess the typical market conditions and tenant profiles accurately.
Despite these gaps, the Housing Choice Voucher program (Section 8) provides some economic insight into the area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,180. This figure is crucial for landlords who accept vouchers, as it determines the maximum rent that can be charged to tenants with vouchers. However, without the corresponding market rent data for ZIP 76465, it's difficult to compare how the voucher rent aligns with the local rental market. Typically, the FMR is used as a benchmark for affordability, and landlords should ensure their rents are competitive with this standard to attract voucher holders.
The absence of specific market rent data means that landlords must rely on the FMR to guide their pricing strategy for units that might participate in the Section 8 program. It's important to note that while the FMR is a useful tool, it doesn't account for individual property values or unique market dynamics that could affect rental prices in ZIP 76465.
Given the limited data available, the overall economic signature of ZIP 76465 can be interpreted as "transitional." This classification suggests that the area may be experiencing changes in population or economic activity that could impact rental demand and property values. Landlords and investors should stay informed about any emerging trends in the local economy and housing market to make informed decisions about their investments.
Data Sources: FMR data from HUD (2027).
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.