Section 8 Fair Market Rent (FMR) for ZIP 75313 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 75313, located in Texas, is a region that offers unique opportunities for real estate investment, particularly in the context of the Section 8 housing voucher program. The Fair Market Rent (FMR) for the area is set at $1680 for fiscal year 2024, providing a benchmark for rental prices that can help guide investment decisions.

• Fair Market Rent (FMR): For ZIP 75313, the FMR is established at $1680 for fiscal year 2024, indicating the average rent that a low- to moderate-income family could reasonably be expected to pay.
• Market Rent: Current market rent data is unavailable, which means there's no direct comparison to typical rental rates outside the Section 8 program.
• Median Home Value: Data on the median home value is currently not available, making it difficult to assess the overall property values in the area.
• Renter Share: The percentage of residents who are renters is not specified, leaving uncertainty about the demand for rental properties in ZIP 75313.
• Days on Market (DOM): Information regarding the average days a property stays on the market before being rented is not provided, which would be useful for understanding the speed of property turnover.
• Median Income: The median income figure for the area is also unspecified, which is important for gauging the financial capability of potential tenants.

Given the limited data available, landlords and small-portfolio investors should focus on leveraging the known FMR of $1680 to ensure their rental properties are priced competitively within the Section 8 program. Without specific market rent or median home value data, it's challenging to provide a comprehensive analysis of the broader rental market dynamics. However, the absence of detailed renter share and DOM statistics suggests that further local research might be necessary to understand tenant preferences and the pace of the rental market. Lastly, while the median income data is missing, investors should consider conducting additional due diligence to evaluate the economic health of the area and the ability of prospective tenants to meet their rental obligations.

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.