Location: Killeen-Temple, 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 | $166,331 | 0.67% | D |
| 3BR | $1,540 | $250,868 | 0.61% | D |
| 4BR | $1,870 | $323,655 | 0.58% | F |
| 5BR | $2,169 | $400,677 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 76548, located in Harker Heights, TX, falls within the larger Killeen-Temple, TX HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 76548 in fiscal year 2024 is set at $1,120. This compares favorably to the overall market rent of $1,608, indicating that subsidized housing units in this area can be rented at a lower rate than the general market.
The median home value in ZIP 76548 is $298,938, which is likely representative of the broader metropolitan area's affordability. However, the significant renter share of 38.6% stands out when considering the typical composition of ZIP codes within the Killeen-Temple, TX HUD Metro FMR Area. This high proportion of renters, coupled with below-market home values, suggests that 76548 could be an attractive location for landlords participating in the Section 8 program.
Inferentially, ZIP 76548 appears to be a value pocket within the Killeen-Temple, TX HUD Metro FMR Area. Its FMR is notably lower than the market rent, making it a cost-effective option for tenants receiving housing assistance. Additionally, the high renter share indicates a strong demand for rental properties, particularly those that cater to the needs of Section 8 participants.
A value pocket is characterized by a combination of affordable home values and a substantial renter population, which aligns well with the data provided for ZIP 76548. Landlords and small-portfolio investors should consider the potential for stable tenant occupancy and reasonable returns on investment in this area, given the favorable conditions for subsidized housing.
While it is not possible to provide a comprehensive comparison without additional data on other ZIP codes within the same HUD Metro FMR Area, the specific figures for ZIP 76548 indicate that it has characteristics of a value pocket, where properties may offer good opportunities for investors looking to serve the needs of low-income renters through the Section 8 program.
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.