Location: Navarro County, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The ZIP code 76626 presents an interesting balance between yield and stability, making it a market worth considering for both high-yield seekers and those looking for steady cash flow.
Yield: The Fair Market Rent (FMR) for 76626 in fiscal year 2024 is set at $1,430, which is significantly higher than the average market rent of $1,000. This indicates that properties in this area could potentially generate a higher rental income compared to the broader market. Furthermore, with a median home value of $243,661, the potential for rental yields is strong. Landlords can leverage the FMR to justify higher rents, thus increasing their profit margins.
Stability: Stability in this market is indicated by the percentage of renters, which stands at 38.2%. While this figure alone does not provide a complete picture of stability, it suggests a moderate demand for rental housing. The average household income in the area is $102,500, which supports the ability of residents to pay higher rents without significant strain. However, the lack of data on days on market (DOM) makes it challenging to assess how quickly properties might be rented out or vacated, which is a key indicator of stability in the rental market.
Given these factors, 76626 leans towards being a high-yield market rather than a steady-cashflow zone. The disparity between the FMR and market rent, combined with the relatively high median home value, points to opportunities for higher returns. However, the absence of DOM data introduces an element of uncertainty regarding the speed of tenant turnover, which is crucial for assessing overall stability.
To conclude, while 76626 offers attractive yield prospects, the stability of the market remains somewhat ambiguous due to limited data. Landlords should consider these elements carefully when deciding whether to invest in this area.
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.