Location: Lamar County, TX | Metro: Lamar County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 75470 in metro FY 2026 is set at $970. This figure represents the payment standard under the Section 8 program, which is the maximum amount that the Housing Choice Voucher program will pay towards your tenant's rent. It is important to note that this does not mean you should charge $970 for rent; rather, it is the ceiling for the government subsidy.
Local market rent data for ZIP 75470 is currently unavailable, but this does not necessarily mean there is no demand. In fact, the renter share of the population in this area is 34.8%, indicating a significant portion of residents who rely on renting their homes. This suggests that there is a considerable market for rentals, especially if you can offer competitive pricing and quality accommodation.
Regarding property acquisition costs, specific data for ZIP 75470 is also not available. However, understanding the local real estate market is crucial. Before making a final decision, verify the actual rental rates for similar properties in your desired location. This will help you determine a fair price to charge tenants, ensuring that you cover your expenses while remaining within the limits of the Section 8 payment standard.
To succeed with a Section 8 rental in ZIP 75470, focus on maintaining a property that meets all necessary standards and is priced appropriately for the market. The key to profitability lies in balancing the government subsidy with the rent you charge, making sure you cover your mortgage, maintenance, and other operational costs. Remember, the demand is present, but you must ensure your property stands out and meets the needs of potential tenants.
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.