Location: Hamilton County, TX | Metro: Killeen-Temple, TX HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76566 in fiscal year 2024 is set at $910. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not necessarily the rent you will receive; it's the cap on what you can charge.
In comparison, the average rent in ZIP 76566, according to the Census Bureau's American Community Survey, is $683. This suggests that the FMR is higher than the typical market rate, potentially offering a better financial return for those who qualify for the Section 8 program.
The 7.9% renter share indicates that nearly 8 out of every 100 households in this area are renters. While this percentage might seem low, it still translates into a significant number of potential tenants, especially given the average acquisition cost of a property in this area is around $478,040.
Before proceeding with your first Section 8 rental, verify that the property meets all the necessary housing quality standards (HQS). These standards ensure that the home is safe, healthy, and decent, and failure to meet these requirements could result in a denial of the voucher or termination of the lease agreement.
To summarize, while the FMR of $910 is the payment standard and not the guaranteed rent, it provides an opportunity to earn above the local average of $683. With a property acquisition cost of $478,040, ensuring that your property meets HQS is critical to securing a tenant and maintaining compliance with the program.
Data Sources: FMR data from HUD (2027). 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.