Location: Runnels County, TX | Metro: Runnels County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The ZIP code 76821 presents an interesting mix of yield and stability for real estate investors. On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,130, which is notably higher than the market rent of $1,013. This discrepancy suggests that there is potential for rental income above the typical market rate, making it a relatively high-yield area. The median home value of $134,794 further supports this, indicating that the investment cost is moderate compared to the expected rental income.
Moving to the stability axis, the ZIP code has 21.3% of its residents as renters, which is a key indicator of the local housing market's reliance on rental properties. However, the lack of data on the average days on market (DOM) suggests some uncertainty regarding how quickly properties can be rented out. The median household income of $63,380 provides a stable economic foundation, implying that tenants have the financial capability to meet their rent obligations consistently.
Given these factors, ZIP 76821 does not fully fit into the high-yield/low-stability flip-style market category due to the absence of volatility indicators such as high DOM figures. Instead, it appears to be a market that offers a balance between yield and stability. The potential for rental income above market rates makes it attractive for investors seeking higher returns, while the presence of a steady income level among residents ensures a degree of financial reliability for tenants.
To summarize, ZIP 76821 is positioned as a zone that offers good cash flow opportunities with a reasonable level of stability, driven by the higher-than-market FMR and the moderate median home value combined with a stable median income. This balance makes it a viable option for both landlords and small-portfolio investors looking to maximize returns without taking on excessive risk.
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.