Location: Milam 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 |
|---|---|---|---|---|
| 3BR | $1,540 | $273,814 | 0.56% | F |
U.S. Census Bureau data (2024)
17.6% of residents in ZIP 76569 are renters, indicating a modest demand for rental properties. However, the $830 market rent, as reported by the Census ACS, suggests that there is still a viable market for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, set at $1130 for zip FY 2024, provides a benchmark for pricing rental units competitively. This difference between the FMR and the actual market rent indicates a potential gap where landlords can adjust their pricing to attract tenants without overstepping the local affordability threshold.
The median home value in ZIP 76569 is $285,507, which reflects a stable housing market. Despite this, the median income of $65,491 may limit the purchasing power of many residents, pushing them towards renting. With an N/A-day DOM (Days on Market), it's evident that properties are either selling quickly or there isn't enough data to determine a trend, which could be beneficial for landlords looking to maintain steady occupancy rates.
Furthermore, the 0.2% price-cut share signifies that very few properties in the area are being discounted to sell, indicating strong property values and potentially lower risks for investors. In ZIP 76569, the rental market appears to be a balanced opportunity for landlords who can manage their properties efficiently and price them within the local market constraints.
A final consideration for investors interested in Section 8 participation is the alignment of the $1130 FMR with the program's payment standards. While the exact impact of Section 8 on individual properties would depend on further analysis, the current data supports a positive outlook for those willing to engage with the program. The verdict for Section 8 in ZIP 76569 is favorable, given the reasonable market conditions and stable property values.
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.