Location: Coleman County, TX | Metro: Coleman County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
To determine if a landlord should invest in ZIP code 76845 for Section 8 properties, follow this decision tree based on the provided data.
1) Does FMR $1,050 (metro FY 2026) clear debt service on a N/A property?
No: If the Fair Market Rent (FMR) of $1,050 does not cover the debt service for a property in ZIP 76845, then purchasing a Section 8 property would not be financially viable. The landlord would need to seek other investment opportunities where the rental income can meet or exceed the total cost of ownership.
Yes: If the FMR of $1,050 covers the debt service, proceed to the next question.
2) Is market rent N/A (N/A) above, at, or below FMR?
Market Rent Below FMR: If the market rent is below the FMR of $1,050, the landlord should consider that they might be able to charge the higher FMR rate for Section 8 tenants. However, this also indicates a lower overall rental demand in the area, which could affect the ability to lease the property to non-Section 8 tenants.
Market Rent At or Above FMR: If the market rent matches or exceeds the FMR, the landlord has a solid basis for setting competitive rates. This scenario supports a stable investment strategy with Section 8 properties, as the rent will likely cover operating costs and provide a margin for profit.
3) Are 0.0% renters + N/A-day DOM enough demand?
It Depends: With 0.0% of renters and an unspecified number of days on the market (DOM), the demand for rental properties in ZIP 76845 is unclear. A low percentage of renters suggests limited demand, but without knowing the exact DOM, it's difficult to make a definitive judgment. Landlords must evaluate the specific local conditions and competition to decide if there is sufficient demand to support a Section 8 property investment.
In summary, if the FMR of $1,050 cannot cover the debt service, do not invest. If the market rent is at or above the FMR, and assuming there is adequate demand, investing in Section 8 properties in ZIP 76845 could be profitable. However, with incomplete demand data, landlords must conduct further research to make an informed decision.
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.