Location: Hill County, TX | Metro: Hill County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 76650 in Hill County, TX, reveals several key points for potential investment.
The rent math does not work based on the available data. The Fair Market Rent (FMR) for the area, set at $1,030 for the fiscal year 2026, is the only figure provided. However, without a comparison to the actual market rent, it's impossible to determine if this FMR accurately reflects what tenants are willing to pay. This gap in information suggests that further investigation into local rental rates is necessary before proceeding with any investment decisions.
Regarding acquisition affordability, the data is insufficient to draw a clear conclusion. There is no median home value listed, which is crucial for understanding the typical cost of properties in the area. Similarly, the lack of days on market (DOM) and percentage of price cuts shared by sellers makes it difficult to assess how competitive the buying environment might be for landlords and small-portfolio investors.
Tenant demand is present but limited. With a population of 55, the area has a relatively small pool of potential renters. Despite this, 26.3% of the population are renters, indicating a modest but steady demand for rental housing. However, the overall low number of residents means that the total number of renters is quite small, which could impact the stability and scale of rental income.
Verdict: Investment in ZIP code 76650 is not advisable due to the incomplete data on market rents and property values. The small population size limits the potential for significant rental income, even though there is a decent share of renters. Without concrete figures on market rent and property prices, the risk of overpaying for properties or underestimating the rent that can be charged is too high. Further research into the local rental market dynamics is essential before considering any investment opportunities 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.