Section 8 Fair Market Rent (FMR) for ZIP 76670 - 2027

Location: Navarro County, TX | Metro: Dallas, TX HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$870
1 Bedroom	$910
2 Bedrooms	$1,100
3 Bedrooms	$1,440
4 Bedrooms	$1,750
5 Bedrooms	$2,030
6 Bedrooms	$2,274
7 Bedrooms	$2,456
8 Bedrooms	$2,579

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,963

Median Household Income

$60,104

Housing Units

785

Renter Percentage

25.8%

Occupancy Rate

88.4%

Renter Occupied

179

The ZIP code 76670, located in Texas, represents a suburban area with a mix of residential properties including both single-family homes and rental units. The local economy is stable, supported by various industries, and it offers a good quality of life with access to amenities and services.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 76670 for fiscal year 2024 is set at $1210. This figure serves as a benchmark for rental pricing in the area, indicating the maximum amount that can be charged for federally subsidized housing.
The average market rent for a two-bedroom apartment in ZIP 76670, according to the latest Census American Community Survey (ACS), is $938. This suggests that the actual rental market is slightly below the FMR, offering potential for modest profits while remaining competitive.
The median home value in ZIP 76670 is $256,666. This indicates a relatively affordable housing market, which can attract first-time buyers and investors looking for entry-level opportunities.
Renters make up 25.8% of the population in ZIP 76670. This share highlights a significant portion of the market that relies on rental housing, suggesting a steady demand for rental properties.
The median household income in ZIP 76670 is $60,104. This level of income supports a moderate ability to pay rent, aligning well with the current market rates and FMRs.

Investors considering the ZIP 76670 market should note the gap between the FMR and market rent, which presents a window for profitable yet affordable rental offerings. With a median home value that remains competitive and a notable share of renters, there's a solid foundation for rental investments. However, the median income suggests a cautious approach to setting rent prices, ensuring they remain accessible to the majority of residents. Overall, ZIP 76670 offers a balanced opportunity for landlords and small-portfolio investors seeking stability and reasonable returns.

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.