Location: Hill County, TX | Metro: Hill County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
970 FMR (metro FY 2026) sets a clear benchmark for rental prices in ZIP 76636, indicating the maximum amount that HUD will subsidize for a family unit. This figure is crucial for landlords as it defines the upper limit of their potential revenue from the Section 8 program. Meanwhile, the $743 market rent (Census ACS) reflects the actual average rent paid by tenants in the area, suggesting a gap between what landlords could potentially receive from Section 8 and the current market rates. The median home value of $332,607 provides insight into the overall property values, which can affect both investment decisions and the attractiveness of the area to potential buyers. With a 9.5% renter share, it's evident that a significant portion of the population in ZIP 76636 relies on renting, making rental properties a valuable asset. However, the median income of $69,018 may impact the financial stability of tenants, as it is lower than the national average, necessitating careful tenant selection to ensure reliability. The lack of data for days on market (DOM) and the percentage of price-cut share suggests that there isn't a high turnover rate or frequent need for price reductions, implying a stable housing market. Landlords should consider these factors when deciding whether to participate in the Section 8 program, weighing the benefits of guaranteed rent against the administrative requirements and potential risks.
Given the data, the Section 8 verdict for ZIP 76636 is that it offers a balanced opportunity for landlords willing to navigate the program's regulations, with a favorable FMR compared to the local market rent, but caution is advised due to the lower median income.
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.