Location: Palo Pinto County, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 76486, located in Palo Pinto County, TX, reveals several key insights. The HUD Fair Market Rent (FMR) for the area is set at $910 for the fiscal year 2024, while the market rent based on Census ACS data is $986. This indicates that voucher tenants will cashflow marginally at the FMR rate, with landlords earning slightly less than the average market rent.
To understand the investment potential further, we can examine the rent-to-price ratio using the median home value of $371,411. At $910 per month, the annualized rent is $10,920, which represents approximately 2.94% of the median home value. This ratio suggests that rental income alone might not fully cover mortgage payments and expenses, making it crucial for investors to consider other factors such as property management costs and vacancy rates.
The data does not provide specific information on the median days on market (DOM) or the percentage of homes that experienced price cuts. However, these metrics are important when evaluating rent-versus-buy dynamics. If the DOM is relatively low and the price-cut share is minimal, it could indicate strong demand for both rentals and homeownership, potentially leading to higher property values over time.
The strongest angle for investors in ZIP 76486 is likely appreciation. With a robust median home value and a marginal cashflow situation, the potential for property value growth provides a solid secondary benefit to rental income. This makes ZIP 76486 an attractive location for those looking to balance current income with future gains.
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.