Section 8 Fair Market Rent (FMR) for ZIP 75339 - 2027

FY 2027 Fair Market Rent Rates

1680 is the Fair Market Rent (FMR) for ZIP code 75339 in fiscal year 2024, indicating the maximum amount a Section 8 tenant can be expected to pay for housing. While the market rent figure is currently unavailable, landlords can still rely on the FMR as a benchmark for setting rental rates. The lack of data on median home values suggests that this area might be primarily focused on rentals rather than sales, which could be advantageous for investors looking to capitalize on the rental market. With the renter share percentage also not available, it's challenging to determine the exact proportion of renters in the community, but the presence of a significant number of Section 8 tenants implies a robust demand for affordable housing options. The median income figure being unavailable means we cannot directly compare it against the FMR to assess affordability, though the presence of a Section 8 program indicates there is a need for subsidized housing in the area. Days on Market (DOM) data is not available, making it difficult to gauge how quickly properties are typically rented out. Similarly, the absence of information on the percentage of price-cut shares means we cannot evaluate how frequently landlords adjust their rents to match market conditions. For landlords and small-portfolio investors, the key takeaway is that the Section 8 program sets a clear standard at $1680, which should be considered when pricing units. This ensures compliance with federal guidelines and helps maintain a steady stream of income from tenants who qualify for the program.

1680 is the critical number here, as it represents the upper limit for Section 8 payments in ZIP 75339. Landlords should ensure their rents do not exceed this amount to remain competitive and attractive to potential tenants using this subsidy. Given the limited data available, investors must focus on understanding local rental dynamics through other means, such as direct market research or consulting with local real estate agents. However, the guaranteed payment structure of Section 8 provides a level of financial stability that can be particularly appealing in an uncertain market environment. In conclusion, for those willing to navigate the specifics of the Section 8 program, ZIP 75339 offers a straightforward path to stable rental income at a fixed rate of $1680 per unit.

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.