Location: Wood County, TX | Metro: Hopkins County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The ZIP code 75471 stands out due to its unique demographic and economic characteristics. With a population of 1,483 residents, it has a rental rate of 29.8%, indicating a moderate demand for rental properties. The median income in this area is $77,934, which is relatively high compared to many other ZIP codes, suggesting that residents have a good financial standing. The median home value of $334,636 further underscores the economic stability of the region.
When it comes to voucher economics, the Fair Market Rent (FMR) for ZIP 75471 is set at $1,250 for the fiscal year 2026, as per the metropolitan guidelines. In contrast, the market rent, based on Census American Community Survey (ACS) data, is $1,355. This means that landlords can expect to receive slightly less than the market rate when participating in the Section 8 program, but the difference is manageable, making it a viable option for those willing to accept vouchers.
The data signature for ZIP 75471 reads as stable. The median income and home values suggest a consistent economic environment where residents are likely to maintain their housing situations. Additionally, the slight disparity between FMR and market rent does not indicate significant transitional pressures that would make it difficult for landlords to participate in the Section 8 program. For small-portfolio investors, this ZIP code offers a balanced opportunity to engage with affordable housing initiatives while still maintaining a reasonable level of profitability.
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.