Location: Hopkins County, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The ZIP code 75433, located within the Hopkins County, TX metro, presents an interesting mix of economic indicators that can inform landlords and small-portfolio investors about potential investment opportunities. The Fair Market Rent (FMR) for ZIP 75433 in fiscal year 2024 is set at $1,380. This figure is higher than the average market rent of $1,137, suggesting that there is a government-supported rental price floor which can be beneficial for maintaining steady income streams.
When comparing the median home value of $305,987 to other ZIP codes in Hopkins County, it appears to be above average. However, the renter share of 17.1% is slightly lower than the typical percentage seen in many ZIP codes within the county. This combination indicates that while the area has relatively high property values, a significant portion of residents still prefer homeownership over renting.
The FMR being higher than the market rent suggests that 75433 might not be a premium sub-market where rents are naturally high due to demand. Instead, it could be considered a mid-tier neighborhood where the presence of Section 8 housing can help stabilize the rental market. The higher FMR ensures that landlords who participate in the program receive a fair rent that reflects the cost of living in the area.
While the renter share is not exceptionally high, the alignment of FMR with rental prices means that the ZIP code could attract tenants eligible for Section 8 vouchers, making it a strategic location for those willing to participate in the federal housing assistance program. The higher property values might also indicate that the area has amenities or characteristics that make it more desirable, thus justifying the higher FMR.
In summary, ZIP 75433 stands out as a mid-tier neighborhood within Hopkins County, TX, offering a balance between higher-than-average property values and a stable rental market supported by Section 8. Landlords and investors should consider the benefits of participating in the Section 8 program to capitalize on this support while keeping an eye on the overall desirability factors that influence property values.
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.