Location: Killeen-Temple, TX | Metro: Killeen-Temple, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 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)
ZIP code 76597 is located within the Killeen-Temple, TX HUD Metro FMR Area. For fiscal year 2024, the Fair Market Rent (FMR) for ZIP 76597 is set at $910, which is notably lower than the average FMR for a two-bedroom home in the broader Killeen-Temple metro area, which stands at $1,135 per month.
The lack of specific market rent and home value data for ZIP 76597 suggests that it may be less developed compared to other areas within the Killeen-Temple region. This absence of detailed market information could indicate a smaller population or fewer rental properties, making it harder to establish a robust market comparison.
Given the lower FMR and the lack of comprehensive market data, ZIP 76597 can be considered a value pocket within the Killeen-Temple metro area. It offers opportunities for landlords and small-portfolio investors who are willing to accept Section 8 tenants, as the rental prices are more affordable for voucher holders. However, without a specific renter share percentage, it is difficult to determine if there is a significant concentration of renters who rely on Section 8 vouchers.
To conclude, ZIP 76597 presents itself as a cost-effective sub-market within the Killeen-Temple, TX HUD Metro FMR Area, with potential for attracting Section 8 tenants due to its relatively low FMR. Investors should be aware of the limited market data and consider this when evaluating the potential returns and risks associated with this ZIP code.
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.