Location: Lamar County, TX | Metro: Lamar County, TX
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $295,880 | 0.47% | F |
| 4BR | $1,410 | $397,009 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 75473 represents a suburban neighborhood characterized by a relatively low density of rental properties and a high median income. With a total population of 3,674, only 11.4% of residents are renters, indicating that homeownership is predominant in this area. The median household income stands at a robust $103,793, suggesting an affluent community where most residents can afford higher living costs.
In terms of housing, the median home value in ZIP 75473 is $284,038, which reflects the overall financial stability of the area. When it comes to rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990, whereas the Census American Community Survey (ACS) reports the average market rent as $1,031. This slight discrepancy between FMR and market rent highlights a potential opportunity for landlords who can offer slightly below-market rents to attract Section 8 tenants.
Given these economic indicators, ZIP 75473 is more suited for a hands-on value-add buyer rather than a hands-off voucher operator. The affluent nature of the community means that there is a limited pool of eligible Section 8 tenants, making it essential for investors to actively manage their properties to ensure they meet the needs of both voucher recipients and non-voucher tenants. A hands-on approach would allow for the optimization of property values through improvements and strategic pricing, catering to the diverse needs of the local market while maintaining profitability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.