Location: Limestone County, TX | Metro: College Station-Bryan, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 76687 within the Limestone County, TX metro reveals several key points that can help landlords and small-portfolio investors make informed decisions. The Fair Market Rent (FMR) for ZIP 76687 is set at $1030 for fiscal year 2024. This figure is slightly above the market rent of $973, indicating a modest premium for federally subsidized housing in this area.
ZIP 76687's median home value stands at $319,277. While this is a significant figure, it's important to compare it against the broader context of Limestone County, TX. If the county average is higher, then 76687 could be considered a mid-tier neighborhood in terms of property values. However, if the county average is lower, then 76687 might represent a premium sub-market where property values are above the local average.
A notable feature of ZIP 76687 is its renter share, which is 16.5%. This percentage can vary widely across different ZIP codes in the same county, but generally, a higher renter share indicates a greater potential for rental income opportunities. When combined with a below-metro average home value, this can sometimes signal a sweet spot for Section 8 properties, as there is a balance between affordable housing needs and a substantial renter population.
To determine whether 76687 is a value pocket, a mid-tier neighborhood, or a premium sub-market, we need to consider how these figures compare to other ZIP codes in Limestone County. A value pocket typically has lower-than-average home values and rents, while a premium sub-market would have higher figures. A mid-tier neighborhood usually falls somewhere in between, with neither exceptionally high nor low values.
Given the specific data for ZIP 76687, without additional context on the broader Limestone County metrics, it appears to be a mid-tier neighborhood. The FMR is slightly elevated over the market rent, suggesting a small premium for subsidized housing, and the renter share is relatively high, which could attract investors interested in the Section 8 program. However, the median home value is quite substantial, indicating that the area is not necessarily a low-cost option for homeownership.
If the overall Limestone County ZIP codes have significantly higher home values and lower renter shares, then 76687 could indeed be seen as a value pocket, particularly attractive for those looking to capitalize on the rental market through Section 8 subsidies. Conversely, if the county-wide averages are lower, then 76687 may still be a mid-tier neighborhood but with a slight edge in desirability due to its higher renter share and FMR.
In conclusion, based on the given data, ZIP 76687 presents itself as a balanced opportunity within the Limestone County, TX metro, leaning towards being a mid-tier neighborhood with potential benefits for Section 8 investors due to its higher-than-average renter share and competitive FMR.
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.