Location: Van Zandt County, TX | Metro: Van Zandt County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
In ZIP code 75127, there are several risks associated with becoming a Section 8 landlord. Tenant turnover is a significant concern, with the market rent sitting at $673 compared to the $970 Fair Market Rent (FMR) for FY 2026 in the metro area. This discrepancy suggests that tenants might be more inclined to move when they can find better deals on the private market, leading to higher vacancy rates.
Vacancy exposure is another critical issue. The data does not provide an average number of days on the market (DOM), which indicates a lack of historical trends or reliable data to predict how quickly properties can be rented out. This uncertainty poses a risk, as extended vacancies can lead to financial strain for landlords.
Deferred maintenance is also a potential pitfall. With a median income of $60,366 and no typical home value provided, it's challenging to gauge the ability of residents to invest in property upkeep. However, lower incomes generally correlate with less disposable cash for maintenance, meaning landlords must be prepared to handle repairs and maintenance costs themselves.
Despite these risks, there are mitigating factors. The renter share in ZIP 75127 is 12.5%, indicating a high concentration of renters who may rely on Section 8 vouchers. High renter density usually translates into robust demand for rental properties, particularly those accepting Section 8 vouchers, which can help offset some of the risks mentioned above.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.