Location: Navarro County, TX | Metro: Freestone County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The classification of ZIP code 76693 hinges on a careful analysis of its yield potential and stability metrics. On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 stands at $990, while the local market rent is pegged at $867. This indicates that there is a slight premium for federally subsidized tenants, which can be leveraged to increase rental yields. However, when juxtaposed against the median home value of $214,827, the rental figures suggest a moderate yield environment rather than a high-yield one.
Regarding stability, the ZIP code exhibits a robust tenant base with 35.5% of residents being renters. While the number of days on market (DOM) is not available, the median household income of $55,645 suggests that the area has a solid economic foundation to support rental payments. This income level is crucial because it implies that tenants have the financial capability to sustain their rent obligations, thereby enhancing the stability of cash flows for landlords.
To summarize, ZIP 76693 leans towards a steady-cashflow zone rather than a high-yield/low-stability market. The key figures driving this assessment are the relatively modest gap between FMR ($990) and market rent ($867), combined with the substantial median home value ($214,827). These factors indicate that while rental income is respectable, it does not provide exceptionally high returns relative to property values. Moreover, the presence of a significant portion of renters (35.5%) and a decent median income ($55,645) supports a stable rental environment, reducing the risk of vacancy and default.
Landlords and small-portfolio investors should consider these metrics when evaluating the potential of ZIP 76693. The area offers a balanced approach, suitable for those seeking consistent income without the volatility associated with higher-yield markets.
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.