Section 8 Fair Market Rent (FMR) for ZIP 75356 - 2027

FY 2027 Fair Market Rent Rates

1680 is the Fair Market Rent (FMR) for ZIP code 75356 as of fiscal year 2024. This figure represents the maximum amount a landlord can charge for a rental property under the Section 8 program. Given the N/A status for the market rent, it suggests there is limited publicly available data to compare against the FMR, making the Section 8 rate a critical benchmark for rental pricing in this area. The absence of a median home value indicates that homeownership statistics might not be as reliable, pointing towards a potentially higher renter population. However, with the renter share percentage also listed as N/A, we cannot confirm the exact proportion of renters in the community. The median income being N/A implies that landlords should consider local economic conditions carefully when setting rents to ensure they align with what residents can afford. With N/A days on the market (DOM), it's unclear how quickly properties are typically leased in this area, which could affect the speed at which a landlord might fill vacancies. Similarly, the N/A% price-cut share suggests that landlords should be prepared to adjust their prices based on market demand and competition. For landlords and small-portfolio investors, the key takeaway is that the $1680 FMR provides a solid guideline for rental rates, but they must remain flexible and attentive to local market dynamics.

Verdict: ZIP 75356 presents an opportunity for landlords to rely on the $1680 FMR as a foundational rental rate, though market flexibility will be essential.

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.