Location: Van Zandt County, TX | Metro: Van Zandt County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The ZIP code 75103 in Canton, TX, stands out within Van Zandt County due to its specific demographic and economic characteristics. With a population of 16,824 residents, 20.3% of whom are renters, it reflects a community where a significant portion of individuals choose to rent rather than own property. The median income for this area is $71,013, which is relatively robust compared to other ZIP codes in the county. However, the median home value at $303,520 suggests that homeownership is still quite costly.
Moving into the specifics of Section 8 housing, the Fair Market Rent (FMR) for ZIP 75103 is set at $1,190 for fiscal year 2026. This figure is notably higher than the current market rent, which is estimated at $1,127 according to the Census Bureau's American Community Survey (ACS). This discrepancy indicates that landlords participating in the Section 8 program can expect to receive slightly more than the average market rent for similar units, making it a potentially attractive option for those looking to stabilize their tenant base.
From an economic stability perspective, the data suggest that ZIP 75103 is in a transitional phase. While the median income supports a stable financial environment for many residents, the high median home value could indicate challenges for first-time buyers or those looking to move up in the housing market. The rental market, supported by the Section 8 voucher program, appears to be a growing segment within this ZIP code, with the FMR providing a buffer against market fluctuations.
In summary, ZIP 75103 presents a unique opportunity for landlords and small-portfolio investors, particularly in the rental sector. The slightly above-market rental rates offered through the Section 8 program can help mitigate risks associated with lower-paying tenants and contribute to a more consistent cash flow. Given the economic indicators, this ZIP code is moving towards a more defined rental market landscape, which could benefit those who are willing to engage with the Section 8 program.
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.