Section 8 Fair Market Rent (FMR) for ZIP 76682 - 2027

Location: Limestone County, TX | Metro: Waco, TX HUD Metro FMR Area

Investment Score for ZIP 76682

Monthly Rent (2BR)

$1,360

Median Price (2BR)

$163,474

1% Rule

0.83%

Annual Yield

9.98%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$1,070
2 Bedrooms	$1,360
3 Bedrooms	$1,810
4 Bedrooms	$1,940
5 Bedrooms	$2,250
6 Bedrooms	$2,520
7 Bedrooms	$2,722
8 Bedrooms	$2,858

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,360	$163,474	0.83%	C
3BR	$1,810	$271,998	0.67%	D
4BR	$1,940	$378,088	0.51%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,661

Median Household Income

$84,148

Housing Units

1,349

Renter Percentage

12.0%

Occupancy Rate

89.0%

Renter Occupied

144

Riesel, TX, located in ZIP code 76682, is a small rural community that offers unique opportunities for real estate investment, particularly in rental properties. The area's economic stability and the presence of a significant number of renters make it an attractive location for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 76682 in fiscal year 2024 is set at $1,310, which reflects the average rent for a two-bedroom apartment in the area and provides a benchmark for rental pricing.
The actual market rent for Riesel, TX, according to the latest Census American Community Survey (ACS), stands at $1,147. This figure indicates the typical rent price for a similar-sized property in the local market.
The median home value in Riesel, TX, is $256,317, offering a balance between affordability and potential appreciation in a stable housing market.
Renters represent 12.0% of the total population, suggesting a modest but steady demand for rental properties.
The median household income in the area is $84,148, indicating a relatively strong purchasing power among residents, which can translate into better tenant reliability and higher rent payment rates.

In summary, Riesel, TX, presents a niche market for rental investments with a fair market rent above the current market rate, suggesting potential for increasing rents. The median home value and median income figures indicate a stable economic environment conducive to long-term investment. However, the low percentage of renters signals a smaller pool of potential tenants, so targeting the right property type and size is crucial for maximizing returns. Landlords and small-portfolio investors should consider these factors when evaluating opportunities in ZIP 76682.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.