Location: Runnels County, TX | Metro: Coke County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 76933 presents a nuanced picture that landlords and small-portfolio investors should consider carefully. The median home value is currently unavailable, which suggests limited data points for a comprehensive analysis. However, the fact that N/A% of listings are reduced indicates a potential softening in the market, where sellers are adjusting their expectations to align with buyer interest levels. This, combined with the N/A-day median days on market (DOM), points towards a balanced market where neither buyers nor sellers hold significant pricing power at present.
On the rental side, the upcoming fiscal year 2026 will see a fair market rent (FMR) of $1,080, a notable increase from the current market rate of $935, based on Census ACS data. This signals an opportunity for landlords to gradually adjust their rents upwards to meet the FMR, assuming the local economy supports such growth. It's important to note that the FMR is a benchmark used by HUD to determine the maximum amount of rental assistance, and it reflects the average market rent for a standard unit in the area.
For long-term investors, the setup in ZIP 76933 implies a cautious approach to appreciation expectations. Given the lack of available data on median home values and the percentage of reduced listings, it's challenging to project strong appreciation. However, the steady rise in FMR could suggest a gradual increase in property values over time, contingent upon broader economic conditions and local demand.
A balanced market with moderate rental increases indicates a stable investment environment. Landlords and investors should focus on maintaining properties to ensure they meet the growing rental standards and prepare for potential adjustments in rental rates. Additionally, diversifying investment strategies across multiple zip codes can mitigate risks associated with localized market fluctuations.
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.