Section 8 Fair Market Rent (FMR) for ZIP 76559 - 2027

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

Investment Score for ZIP 76559

N/A

Monthly Rent (2BR)

$1,120

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$910
1 Bedroom	$910
2 Bedrooms	$1,120
3 Bedrooms	$1,550
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: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,550	$247,500	0.63%	D
4BR	$1,870	$344,618	0.54%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,197

Median Household Income

$76,286

Housing Units

3,091

Renter Percentage

34.5%

Occupancy Rate

95.5%

Renter Occupied

1,017

The ZIP code 76559, located in Texas, offers a stable market for real estate investments, particularly in rental properties. The area benefits from a mix of residential and commercial developments, providing a steady demand for housing. Here's a concise breakdown of key metrics that inform investment decisions:

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 76559 for fiscal year 2024 is set at $1,120. This figure represents the maximum amount that low-income families should pay in rent and utilities.
The average market rent for a two-bedroom apartment in ZIP 76559, according to the Census Bureau's American Community Survey (ACS), is $1,228. This indicates a slightly higher rent level compared to the FMR, suggesting a potentially profitable niche for landlords who can offer amenities or services beyond basic housing.
The median home value in ZIP 76559 is $309,394, reflecting the overall cost of homeownership in the area. For investors looking to purchase rental properties, this provides a benchmark for property values.
Renters make up 34.5% of the population in ZIP 76559, indicating a significant portion of the local market relies on rental housing. This statistic supports the ongoing demand for rental properties in the area.
The median household income in ZIP 76559 is $76,286, which suggests that residents have the financial capacity to afford rents above the FMR, making it feasible for landlords to charge slightly higher rates.

Investors in ZIP 76559 can leverage these data points to make informed decisions about rental pricing and property acquisition. The slight premium over FMR in market rents, combined with a substantial renter share and median income levels, supports a positive outlook for rental investments. However, the lack of Days on Market (DOM) data might indicate challenges in securing timely tenancy, which could impact cash flow and investment returns. Overall, the area presents a balanced opportunity for those interested in rental properties, especially those that cater to the needs of moderate-income families.

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.