Location: Navarro County, TX | Metro: Hill County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
ZIP 76648, located in Navarro County, TX, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the area in fiscal year 2026 is set at $970, while the current market rent stands at $909. This creates a positive spread of $61 per unit, ensuring landlords receive slightly above-market rents when participating in the Section 8 program. Additionally, the median home value in ZIP 76648 is $209,501, which has decreased by 0.6% over the past year. Despite this slight decline, the consistent rental income from Section 8 participants provides a stable cash flow, making this ZIP code a reliable choice for those seeking steady returns.
The area's renter share stands at 19.8%, indicating a significant portion of residents rely on rental properties. With a median income of $54,669, many tenants would likely qualify for Section 8 assistance, further solidifying the potential for stable cash flows. While there isn't specific data on price-cut shares or days on market (DOM), the existing metrics point towards ZIP 76648 being most suitable as a cash-flow anchor rather than an appreciation play or diversifier. Landlords and small-portfolio investors should focus on the guaranteed rental income and the positive spread between FMR and market rent to justify their investment in 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.