Location: Hill County, TX | Metro: Hill County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 76660 in the Hill County, TX metro area reveals several key points for landlords and small-portfolio investors.
The rent math does not work favorably here. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030, whereas the current market rent based on Census ACS data stands at $869. This indicates that properties priced at the FMR level will likely struggle to attract tenants willing to pay above the going rate.
Acquisition costs are also not in your favor. With a median home value of $202,469, purchasing homes in this area is relatively expensive compared to the rental income potential. The lack of data on days on market (DOM) and the percentage of price-cut shares suggests that either the market is stable, or there isn't enough recent transaction data to draw conclusions. However, given the disparity between the FMR and the actual market rent, it's advisable to proceed cautiously.
Tenant demand is modest in ZIP 76660. The total population is 572, with only a 10.1% renter share. This low percentage of renters implies limited demand for rental properties, making it challenging to fill units consistently. Moreover, the small population size could mean fewer potential tenants overall, which could affect vacancy rates and occupancy stability.
Verdict: While ZIP 76660 offers opportunities for real estate investment, the numbers suggest caution. The mismatch between FMR and market rent, combined with the high median home value, makes it difficult to achieve a positive cash flow through rental income alone. Additionally, the low renter share and small population indicate a less robust tenant market. Therefore, unless you can find below-market-value properties or have other strategies to mitigate these risks, investing in this ZIP code may not be advisable for achieving financial success in the short term.
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.