Location: Bosque County, TX | Metro: Killeen-Temple, 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 | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,110 | $153,581 | 0.72% | D |
| 3BR | $1,540 | $240,119 | 0.64% | D |
| 4BR | $1,870 | $344,232 | 0.54% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76528, Gatesville, TX, for fiscal year 2024 is set at $910. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It is important to note that this is not the actual rent you will receive; it is the maximum amount that can be paid on behalf of tenants through the voucher program.
In comparison, the average market rent in the area, known as the Zillow Observed Rent Index (ZORI), is $1,369. This indicates that the local rental market is above the Section 8 payment standard, meaning your income from Section 8 vouchers will likely be lower than the typical market rent. However, the FMR ensures a consistent and reliable source of income for those who qualify under the program.
The demand for rental properties in this area is strong, with 29.5% of residents being renters. This high percentage suggests a steady pool of potential tenants who might be eligible for Section 8 vouchers, ensuring that your property remains occupied. Additionally, the median home value in the area is $243,043, which gives you an idea of the acquisition cost if you're looking to buy a property for your Section 8 investment.
To proceed confidently, verify that your property meets the minimum housing quality standards, known as the Housing Quality Standards (HQS), required by the Section 8 program. These standards ensure that the rental unit is safe, decent, and sanitary for tenants.
In summary, while the FMR of $910 is below the local market rent of $1,369, the high percentage of renters and the stable income from the voucher program make ZIP 76528 a viable option for your first Section 8 rental. With a median home value of $243,043, you can expect a reasonable acquisition cost. Before finalizing your decision, ensure your property complies with the HQS requirements to avoid any issues with eligibility.
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.