Location: Wood County, TX | Metro: Hopkins County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 75431 in the Wood County, TX metro area reveals several key points for landlords and small-portfolio investors considering investment opportunities.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area, set at $1,000 for fiscal year 2026, stands above the current market rent of $850 as reported by the Census ACS. This indicates that landlords could potentially increase rents to align with the FMR without significantly impacting occupancy rates, given that the FMR is higher than what tenants currently pay.
Regarding the affordability of acquisitions, the median home value in ZIP 75431 is $271,760. However, the lack of data on days on market (DOM) and the percentage of homes needing price cuts suggests a stable housing market with little to no indication of overpriced properties. Landlords can expect to find homes that are reasonably priced for their investment portfolio.
Tenant demand is strong in ZIP 75431. With a total population of 2,069 and a renter share of 34.1%, there are approximately 706 potential renters in the area. This number provides a solid base of potential tenants, ensuring that rental properties will likely be occupied once listed.
Verdict: Investment in ZIP 75431 is viable. The gap between the current market rent and the FMR offers an opportunity to increase rental income. Acquisition costs are reasonable, and the available data point towards a stable housing market. Strong tenant demand ensures that properties will be filled promptly upon listing. For landlords and small-portfolio investors, this ZIP code presents a balanced mix of profitability and stability.
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.