Location: Coke County, TX | Metro: Coke County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
ZIP 76953, located in Coke County, Texas, can serve as an appreciation play within a Section 8 portfolio strategy. The median home value in this area is $133,700, which is significantly lower than the US median value of $338,100. However, the recent trend indicates strong appreciation; the 1-year house appreciation rate stands at 15.5%, slightly above the national average of 16.6%. Over the past decade, home appreciation has grown by 93.8%, compared to the US average of 101.1%. This suggests that the real estate market in ZIP 76953 is robust and growing, making it an ideal investment for those looking to capitalize on future appreciation.
The median monthly rent for a 4-bedroom home or apartment in ZIP 76953 is $1,230, which is below the Fair Market Rent (FMR) of $1,130 for the metro area in fiscal year 2026. This discrepancy highlights the potential for rental income to outpace government subsidies, but also indicates that the market may be less favorable for cash flow anchors due to the lower FMR compared to actual rental prices. With a renter share of only 8.5%, the area is predominantly owner-occupied, which aligns with its characteristics as an appreciation play rather than a cash-flow anchor or diversifier.
Investors should consider the high vacancy rates in ZIP 76953, where 44.4% of housing is vacant, compared to the US average of 11.2%. While this may seem concerning, the significant portion of vacation and other types of vacant housing (11.1% and 33.3% respectively) suggests that some of these units are not intended for long-term occupancy. Therefore, the high vacancy rate does not necessarily indicate a lack of demand for housing in the area.
In summary, ZIP 76953 is best suited as an appreciation play within a Section 8 portfolio strategy, given its strong historical and projected appreciation rates. The area's median home value is low, but the growth trajectory is promising, offering the potential for substantial capital gains over time.
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.