Location: Bosque County, TX | Metro: Bosque County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The ZIP code 76652 has a population of 1,044, with 10.4% being renters. The median household income in this area is $73,545. This indicates that it is not a renter-heavy ZIP; rather, it is an area dominated by homeowners, which suggests that vouchers might be scarcer among the rental population.
To understand the depth of voucher demand, we must compare the market rent to the Federal Market Rent (FMR). However, specific market rent figures are not provided in the data. Given the FMR of $1,200 for the fiscal year 2026 in the metro area, we can infer that if the market rent is close to this figure, then typical rent would consume approximately 16.3% of the local median income ($1,200 / $73,545 * 100).
This percentage is calculated under the assumption that the market rent aligns closely with the FMR, which is a common benchmark used for determining the affordability of housing. If the actual market rent is higher or lower, the percentage of income spent on rent will adjust accordingly.
The expected tenant profile in ZIP 76652 is one that likely benefits from Section 8 vouchers due to the relatively high median income compared to the assumed market rent. Landlords should anticipate tenants who are financially stable but still rely on government assistance to cover their housing costs. These tenants are typically responsible and meet the eligibility criteria for the Section 8 program, which includes low-income families, the elderly, and individuals with disabilities.
In summary, while the overall population leans towards homeownership, landlords can still find a viable tenant pool through Section 8 vouchers. The scarcity of vouchers means competition among renters, leading to a potentially selective group of tenants who are both eligible and willing to use their vouchers 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.