Location: Lamar County, TX | Metro: Lamar County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 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)
46.0% of residents in ZIP 75411 are renters, indicating a significant demand for rental properties. $827 is the reported market rent based on Census ACS data, which is notably lower than the Fair Market Rent (FMR) of $970 for the metro area in fiscal year 2026. This discrepancy suggests that there might be opportunities for landlords to increase their rental income while still remaining competitive in the local market. $268,246 represents the median home value in the area, providing a benchmark for property values but not directly indicative of rental trends. The lack of data on median income and days on market (DOM) means that we cannot assess the financial stability of potential tenants or the speed at which properties are typically rented out. Similarly, the absence of information on the percentage of price-cut share makes it difficult to gauge how frequently landlords have to reduce their asking rents to attract tenants. Despite these gaps in data, the current market conditions suggest that rental properties in ZIP 75411 can be priced slightly above the average market rent without exceeding the FMR, thus maximizing income potential. However, landlords should remain mindful of the actual financial capabilities of the local tenant population, which is currently unknown due to the unavailability of median income data. Given the strong rental demand and the possibility to achieve rents closer to the FMR, ZIP 75411 is considered a favorable location for Section 8 properties.
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.