Location: Palo Pinto County, TX | Metro: Palo Pinto County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
U.S. Census Bureau data (2024)
4.6% of residents in ZIP 76484 are renters, indicating a moderate demand for rental properties in the area. This figure aligns well with the $1,060 Fair Market Rent (FMR) established for the metro area in fiscal year 2026, which represents the average monthly rent for a standard unit suitable for a family of four. The $376,228 median home value suggests a middle-income neighborhood where the $95,476 median income supports a reasonable cost of living. However, the lack of data on market rent and days on market (DOM) makes it challenging to assess the competitiveness of rental rates against market conditions. Similarly, the absence of information on the percentage of price-cut share indicates no recent trends of significant price adjustments in the local real estate market. For landlords and small-portfolio investors considering Section 8 participation, the $1,060 FMR serves as a benchmark for setting rents that are both fair and sustainable. Given the moderate renter share and the alignment between median income and median home values, Section 8 could provide a stable source of tenants. The verdict for Section 8 in ZIP 76484 is positive, contingent upon ensuring compliance with HUD guidelines and maintaining property standards to match the $1,060 FMR.
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.