Location: Milam County, TX | Metro: Milam County, TX
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 | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,440 | $234,189 | 0.61% | D |
U.S. Census Bureau data (2024)
The ZIP code 76520, located in a county with 8,426 residents, stands out due to several key factors that influence its real estate market dynamics. With 28.1% of the population renting, it reflects a moderate demand for rental properties. The median income in this area is $64,800, which provides a solid economic foundation for potential tenants. Additionally, the median home value is $234,547, indicating a stable residential property market.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,040. This figure is notably higher than the current market rent, which is recorded at $954 according to the Census ACS. This suggests that landlords who accept Section 8 vouchers could potentially see an increase in their rental income, aligning closer to the FMR benchmark. It's important for landlords to consider these numbers when evaluating the financial viability of participating in the Section 8 program.
The data signature for ZIP 76520 reads as relatively stable. The modest percentage of renters, combined with a reasonable median income, indicates that the housing market is not undergoing rapid changes. Landlords can expect steady occupancy rates and consistent income streams from tenants using Section 8 vouchers. However, they should also be aware of the slight premium offered by the FMR compared to the current market rate, which could provide an incentive for accepting vouchers over traditional market rents.
To summarize, ZIP 76520 offers a balanced real estate environment where Section 8 vouchers present a viable option for landlords looking to maximize their rental income while serving a portion of the community. The difference between the FMR and market rent, specifically $1,040 versus $954, highlights the potential benefits of participating in the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.