Location: Runnels County, TX | Metro: Coleman County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 76882 is located in a suburban area of Texas, characterized by a relatively small population of 313 residents. The demographic makeup of this neighborhood includes a low percentage of renters at 19.6%, indicating that it is primarily a homeownership-focused community. With a median household income of $61,750, the area reflects a modest economic profile where residents have enough financial stability to afford housing but are also likely to be sensitive to cost fluctuations.
When it comes to rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,060. This figure serves as a benchmark for rental rates, though specific market rent data for ZIP 76882 is not available. Given the limited population and the high proportion of homeowners, landlords operating in this ZIP code must be mindful of the local demand for rental properties and the potential impact of Section 8 vouchers on their occupancy rates.
Considering the characteristics of ZIP 76882, it may be more suitable for a hands-off voucher operator rather than a hands-on value-add buyer. The small number of renters suggests that there is less opportunity for active property management strategies aimed at increasing occupancy or rental income. Instead, focusing on maintaining a stable income through the Section 8 program could be a more effective approach given the current economic conditions and demographic trends in the area.
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.