Location: Delta County, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
ZIP code 75448, located within the Delta County, TX metro area, presents a unique profile when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 75448 in fiscal year 2024 is set at $1380. This figure is slightly above the market rent of $1,315, indicating that subsidized rents under Section 8 may be marginally higher than what the private market typically offers in this area.
The lack of available data on home values suggests that ZIP 75448 might have fewer owner-occupied homes, which could be due to various factors such as limited housing stock, higher prevalence of rental properties, or lower demand for homeownership. However, it's worth noting that the renter share in this ZIP is quite significant at 22.6%. This high proportion of renters can be an indicator of a strong rental market, particularly if there is a reliance on rental assistance programs like Section 8.
Given the specifics of ZIP 75448, it appears to be a value pocket within the Delta County, TX metro area. The FMR being slightly higher than the market rent points to a potential advantage for landlords who participate in the Section 8 program, as they can receive rents closer to the subsidy levels rather than the lower market rates. Additionally, the high renter share without corresponding data on home values implies a robust rental market, likely driven by the availability of rental assistance, making it an attractive location for those seeking stable rental income.
In summary, ZIP 75448 stands out as a value pocket for landlords and small-portfolio investors interested in leveraging Section 8 subsidies. Its slightly elevated FMR relative to market rent, combined with a substantial renter share, makes it a promising investment opportunity within the broader context of Delta County, TX.
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.