Section 8 Fair Market Rent (FMR) for ZIP 75090 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 75090

• Texoma Council of Governments (Sherman, TX) - 1,211 Section 8 vouchers
• Grayson County Housing Authority (Sherman, TX) - 397 Section 8 vouchers
• Housing Authority of Sherman (Sherman, TX)
• Housing Authority of Denison (Denison, TX)
• Housing Authority of Whitesboro (Whitesboro, TX)

The ZIP code 75090, located in Sherman, TX, is a burgeoning residential area that offers a mix of suburban charm and urban convenience. It's a prime location for real estate investors looking to capitalize on the rental market while also benefiting from potential property appreciation.

• Fair Market Rent (FMR) for ZIP 75090 in fiscal year 2024: The FMR stands at $1150, which is the minimum rent level set by HUD for subsidized housing units, indicating a baseline for affordable housing in the area.
• Market Rent (ZORI): According to Zillow's Rent Index, the average rent in ZIP 75090 is $1,508, suggesting that there is a significant premium over the FMR, reflecting the broader rental market dynamics.
• Median Home Value: The median home value in ZIP 75090 is $210,240, providing a benchmark for property values and indicating the overall affordability of homeownership in the area.
• Renter Share: 42.8% of households in ZIP 75090 are renters, demonstrating a robust demand for rental properties and underscoring the viability of rental investments.
• Days on Market (DOM): The data shows that the days on market for properties in ZIP 75090 is not available, which could imply a quick turnover rate or that listings move swiftly from the market once they are posted.
• Median Income: The median household income in ZIP 75090 is $55,543, offering insight into the financial capacity of residents to afford higher rents or home purchases.

Investors considering ZIP 75090 will find a favorable environment where the rental market outpaces the fair market rent, indicating strong demand. The median home value suggests a relatively affordable market, making it accessible for both small-portfolio investors and first-time landlords. With nearly half of the households renting, there is a substantial base of tenants, and the median income supports the ability to pay above the HUD-subsidized rates. However, the lack of days on market data may require further investigation to understand the pace of property transactions 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.