Section 8 Fair Market Rent (FMR) for ZIP 75091 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,110
1 Bedroom	$1,130
2 Bedrooms	$1,400
3 Bedrooms	$1,940
4 Bedrooms	$2,160
5 Bedrooms	$2,506
6 Bedrooms	$2,807
7 Bedrooms	$3,032
8 Bedrooms	$3,184

Based on the available data, ZIP code 75091 is located in Sherman, Texas. The demographic information for this area is limited, with specific details such as population, percentage of renters, median income, and median home value not being directly provided for ZIP 75091. However, we can infer some trends from broader regional data.

The Fair Market Rent (FMR) for ZIP 75091 in fiscal year 2024 is set at $1,230 for a one-bedroom unit. This figure is crucial for landlords participating in the Section 8 program. Market rent data specific to ZIP 75091 was not found, but it is important to compare the FMR against local market rents to understand the potential profitability of renting properties under the Section 8 program.

In terms of fitting a particular investment strategy, ZIP 75091 seems suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stability of the Section 8 program provides a reliable source of income, although it might limit profit margins compared to market rents. For hands-on investors, there could be opportunities to improve property values and rents beyond the FMR, depending on the local market conditions and property quality.

To make a more informed decision, further research into the local market rents and property conditions would be necessary. This ZIP code offers a mix of opportunities, making it a viable option for different types of real estate investors.

Data Sources: FMR data from HUD (2027).

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.