Section 8 Fair Market Rent (FMR) for ZIP 76543 - 2027

Location: Killeen-Temple, TX | Metro: Killeen-Temple, TX HUD Metro FMR Area

Investment Score for ZIP 76543

Monthly Rent (2BR)

$1,110

Median Price (2BR)

$136,136

1% Rule

0.82%

Annual Yield

9.78%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,110	$136,136	0.82%	C
3BR	$1,540	$173,300	0.89%	C
4BR	$1,870	$208,816	0.9%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

34,457

Median Household Income

$48,564

Housing Units

15,406

Renter Percentage

60.5%

Occupancy Rate

88.7%

Renter Occupied

8,271

Killeen, TX, located in Bell County, is a growing urban area that benefits from its proximity to Fort Hood, one of the largest military installations in the United States. This strategic location influences the local real estate market, making it particularly interesting for landlords and small-portfolio investors looking to capitalize on steady demand.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP code 76543 for fiscal year 2024 is set at $1080.
The Zillow Observed Rent Index (ZORI), which reflects the average market rent, stands at $1,150 for the same property type.
The median home value in Killeen is $175,395, indicating a relatively affordable housing market for both buyers and renters.
Renters make up 60.5% of the housing market, showing a strong preference for renting over owning in this area.
The Days on Market (DOM) for rental properties is 66 days, suggesting a moderate vacancy rate and reasonable turnover time.
The median household income in Killeen is $48,564, providing insight into the financial capacity of potential tenants.

The data points highlight a robust rental market in Killeen, TX, driven by a high renter share and proximity to Fort Hood. With a slight premium over the FMR in actual market rents, landlords can expect competitive returns. The median home value and median income suggest that while there's demand, pricing must remain reasonable to attract tenants. A moderate DOM indicates that properties are typically occupied within a couple of months, balancing between quick turnover and stable occupancy. Overall, Killeen presents a viable investment opportunity for those interested in the rental sector, with clear guidelines for setting rents and managing expectations based on the provided figures.

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.