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

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 76682

• Housing Authority of the City of Waco (Waco, TX) - 3,118 Section 8 vouchers
• Housing Authority of Marlin (Marlin, TX)
• Housing Authority of McGregor (McGregor, TX)
• Housing Authority of City of Moody (Moody, TX)
• Housing Authority of Lott (Lott, TX)
• Housing Authority of Mart (Mart, TX)
• Housing Authority of Rosebud (Rosebud, TX)

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). 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.