Location: Navarro County, TX | Metro: Navarro County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The ZIP code 75155 represents a neighborhood with a total population of 2,951 residents, where only 10.8% of the inhabitants are renters. This suggests a predominantly owner-occupied area, which could imply a higher demand for housing and potentially stable property values. The median household income in this area stands at $67,336, indicating a middle-class community that can support various types of housing markets. The median home value is $288,280, reflecting a modest to moderate cost of living environment.
From an investment perspective, the Federal Market Rent (FMR) for ZIP 75155 in the metro area for fiscal year 2026 is set at $1,060. In contrast, the current market rent, according to the Census ACS, is $898. This difference highlights a potential opportunity for landlords and small-portfolio investors who can leverage the gap between FMR and market rates to attract Section 8 tenants while maintaining a reasonable profit margin.
The low percentage of renters in ZIP 75155 means that landlords might need to actively manage their properties to ensure they remain competitive and desirable. This ZIP code is better suited for hands-on value-add buyers rather than hands-off operators. Landlords should consider investing in property improvements to increase rental appeal and potentially command rents closer to the FMR. Given the modest median home value and middle-class income levels, there is a viable market for Section 8 tenants, but it requires active management to succeed.
In summary, ZIP 75155 offers a niche opportunity for investors willing to engage in property improvement and management. With the FMR exceeding the current market rent by $162 per month, there is room for growth and profitability, especially for those who can add value to their properties. However, the limited rental market means that landlords must be prepared to compete with owner-occupiers and other rental options by offering well-maintained, attractive units.
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.