Location: Sherman County, TX | Metro: Sherman County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 73960 are renters, indicating a predominantly owner-occupied area. This statistic is crucial for landlords considering investment in the region, as it suggests a smaller pool of potential tenants compared to more rental-dense areas. The Fair Market Rent (FMR) for ZIP 73960, as determined by HUD for metro FY 2026, stands at $1,100. This figure represents the upper limit for Section 8 payments in the area, meaning landlords who participate in the program will receive no more than this amount per unit. Given that the market rent data is not available, it's challenging to determine if the $1,100 FMR aligns closely with what the market can bear. However, the absence of market rent data could imply a lack of significant rental activity, which might affect the demand for Section 8 units.
The median home value and median income figures are also not provided, making it difficult to assess the overall financial health and purchasing power of the local population. These missing pieces of information are critical for understanding the broader economic context of the area and how it might influence housing costs and tenant affordability. Additionally, the average days on market (DOM) and the percentage of listings that have been price-cut are both unavailable, which would typically help gauge the competitiveness of the rental market and the ease of finding tenants.
In conclusion, while the $1,100 FMR provides a clear benchmark for Section 8 participation, the lack of other key data points such as market rent, median home values, and median income leaves several questions unanswered about the viability of renting in ZIP 73960 under the Section 8 program. The extremely low 0.0% renter share further complicates the picture, suggesting that the area may be less attractive for landlords looking to maximize their occupancy rates. Verdict: Not recommended for Section 8 participation due to limited rental market presence.
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.