Location: Somervell County, TX | Metro: Bosque County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The ZIP code 76690 is situated in a rural area of Texas, characterized by a modest population of 1,214 residents. This community is predominantly composed of homeowners, with only 25.1% of the population being renters. The median household income here is relatively low at $42,448, reflecting the economic profile of the region. Median home values stand at $247,483, indicating a stable but not highly valued housing market.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 76690, as set by HUD for metro FY 2026, is $1,110. In contrast, the actual market rent, according to Census ACS data, is $1,025. This suggests a slight premium for Section 8 properties, which could be advantageous for landlords who are willing to meet the program's requirements.
Given these metrics, ZIP 76690 is well-suited for a hands-off voucher operator. The gap between FMR and market rent offers a margin that can cover potential management inefficiencies or tenant issues. However, it's also a viable option for a hands-on value-add buyer, who might seek to improve property conditions and amenities to justify rents closer to the FMR, thereby increasing their revenue. Both strategies can succeed in this ZIP code, depending on the landlord's approach and investment goals.
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.