Location: Red River County, TX | Metro: Lamar County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
25.0% of residents in ZIP 75435 are renters, indicating a significant portion of the population that could benefit from Section 8 housing assistance. The $171,136 median home value suggests a middle-class area where homeownership is attainable but not without financial strain. Landlords can expect the market rent to be around $629 per month based on recent Census ACS data, which is below the $970 Fair Market Rent (FMR) set for the metro area in fiscal year 2026. This discrepancy provides an opportunity for landlords to offer affordable housing while still receiving a government-subsidized rate that exceeds the typical market rent. With a median income of $50,000, many tenants may find it challenging to afford market rents, making Section 8 vouchers particularly attractive to those seeking housing stability.
The lack of available data on days on market (DOM) and the percentage of price-cut shares indicates either a stable real estate market or limited transactional activity that doesn't significantly impact rental dynamics. However, the $970 FMR is a key figure that sets the benchmark for what landlords can charge when participating in the Section 8 program, ensuring they receive a fair rental amount that reflects current market conditions while providing affordable options to low-income families.
In ZIP 75435, the disparity between the market rent of $629 and the FMR of $970 presents a compelling case for landlords to consider joining the Section 8 program. Given the 25.0% renter share and the median income of $50,000, there is a clear demand for subsidized housing. By leveraging the Section 8 program, landlords can ensure a steady stream of income and contribute to the community's need for affordable housing solutions.
Verdict: ZIP 75435 is a viable market for Section 8 participation, offering landlords a chance to stabilize their cash flow while serving a substantial portion of the local renter population.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.