Location: Lamar County, TX | Metro: Lamar County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The dynamics of the ZIP code 75460, located in Paris, TX, suggest a market in motion, balancing between supply and demand without clear dominance from either side. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, while the actual market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $1,009. This slight premium on the market rent over the FMR implies that landlords and small-portfolio investors might be capturing additional value beyond government standards.
A key indicator of market health is the price-cut share, which is currently at 0.2%. This low figure suggests that property owners are not frequently lowering their prices to attract tenants, indicating a relatively stable market where demand meets supply effectively. The median home value of $130,531 reflects the overall affordability of the housing stock in the area, making it accessible to a broad range of buyers.
The 49.7% renter share points to a significant portion of the population choosing to rent rather than buy. This high percentage of renters can indicate sustained long-term housing pressure, as a large number of residents rely on rental properties for accommodation. It also suggests that there may be a continuous need for rental units, which could benefit landlords and investors who focus on this segment of the market.
In summary, ZIP 75460 presents a balanced market with a slight tilt towards favorable conditions for landlords due to the higher market rent and the significant renter share. The low price-cut share and stable median home value point to a market where demand closely follows supply, creating a steady environment for real estate investments.
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.