Location: Falls County, TX | Metro: Falls County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 76685 are renters, indicating a predominantly owner-occupied market. This statistic underscores the challenge in finding rental properties in the area. However, for those considering investment in rental housing, the $1150 Fair Market Rent (FMR) for the fiscal year 2024 provides a benchmark for pricing. The absence of specific data on market rent and median home values suggests limited activity in these sectors, which could be due to the low renter share. In terms of financial health, the lack of detailed median income figures means that potential tenant screening must rely heavily on other sources of income verification. The N/A-day Days on Market (DOM) and N/A% price-cut share highlight a scarcity of transactional data, making it difficult to gauge the typical time frame for property turnovers and the frequency of price adjustments. Given these conditions, landlords and small-portfolio investors should focus on properties that align closely with the $1150 FMR, ensuring they are competitive within the limited rental market. Additionally, thorough background checks and credit reviews will be essential for selecting stable tenants. With the low renter share, opportunities for traditional rental investments are scarce, but Section 8 contracts can provide a steady stream of qualified tenants. Therefore, the verdict for Section 8 participation in ZIP 76685 is positive, as it offers a reliable path to occupancy and 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.