Location: Delta County, TX | Metro: Delta County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The ZIP code 75415 has a population of 289 individuals, with only 5.5% identified as renters. This indicates that the area is predominantly homeowner-dominated rather than renter-heavy. The median household income in this ZIP is $93,050, which suggests a relatively high-income demographic.
While the exact market rent figures are not provided, we can infer that given the higher median income, typical rental costs would likely align closely with the Fair Market Rent (FMR) set at $970 for the fiscal year 2026, reflective of the metro area's standards. To put this into perspective, if we assume the average rent to be around the FMR, then the cost of rent would consume approximately 13.7% of the median household income. This percentage is calculated by dividing the FMR ($970) by the median income ($93,050), then multiplying by 12 months to annualize the rent and finally by 100 to convert it to a percentage. The result is a modest share of income dedicated to housing, indicating that most residents could afford rent without significant financial strain.
In terms of Section 8 vouchers, their scarcity in a homeowner-dominated area like 75415 is expected. However, the presence of any voucher holders would be limited due to both the low percentage of renters and the relatively high median income compared to the FMR. Landlords in this ZIP code should anticipate tenants who either do not require assistance or who might need minimal support. These tenants are likely to have stable employment and a history of timely rent payments, aligning well with the expectations of landlords seeking reliable occupants.
To conclude, while ZIP 75415 offers a setting where landlords can generally expect financially capable tenants, the demand for Section 8 vouchers is likely to be shallow. The area's characteristics suggest a niche market for rental properties, but one where tenants can typically meet their obligations independently, making it an attractive location for those managing small portfolios or individual 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.