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

Location: Sherman-Denison, TX | Metro: Sherman-Denison, TX MSA

Investment Score for ZIP 75090

Monthly Rent (2BR)

$1,340

Median Price (2BR)

$145,830

1% Rule

0.92%

Annual Yield

11.03%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,060
1 Bedroom	$1,080
2 Bedrooms	$1,340
3 Bedrooms	$1,860
4 Bedrooms	$2,060
5 Bedrooms	$2,390
6 Bedrooms	$2,677
7 Bedrooms	$2,891
8 Bedrooms	$3,036

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,340	$145,830	0.92%	C
3BR	$1,860	$226,546	0.82%	C
4BR	$2,060	$305,785	0.67%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

26,594

Median Household Income

$55,543

Housing Units

9,989

Renter Percentage

42.8%

Occupancy Rate

92.4%

Renter Occupied

3,951

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). Median home prices from Zillow (2026-08-31). 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.