Location: King County, TX | Metro: Cottle County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,400 |
| 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 real estate landscape in ZIP code 79248 is characterized by a median home value of $69,170, indicating a market that is accessible but also potentially constrained by limited upward mobility. The absence of data regarding the percentage of listings that have been reduced and the median days on market (DOM) suggests a stable market condition, where neither significant buyer nor seller urgency is present. This stability implies that landlords and small-portfolio investors can maintain their current pricing strategies without fear of rapid depreciation or inflation.
The Federal Market Rent (FMR) for ZIP 79248 is projected at $1,020 for fiscal year 2026, while the current market rent stands at $264 according to the Census American Community Survey (ACS). This stark contrast signals a significant opportunity for long-term investors to capitalize on rental income. The disparity between the FMR and the actual market rent indicates a potential for rental price increases as the market aligns with federal standards. Landlords should prepare for gradual rent hikes, which could improve their cash flow and investment returns.
For those considering long-hold investments, the appreciation thesis in ZIP 79248 is realistically modest. Given the low median home value and the current economic indicators, property values are unlikely to experience substantial growth over the next 12-24 months. However, the market's alignment with federal rental standards suggests that rental income could provide a steady source of revenue, making it a viable strategy for investors focused on generating passive income rather than capital appreciation.
The setup implied by the data points towards a market where the focus should be on maintaining properties and optimizing rental yields. With the median home value remaining relatively constant and the potential for rental rates to rise closer to the FMR, investors can expect a stable environment with opportunities to enhance profitability through efficient management practices.
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.