Location: Hopkins County, TX | Metro: Franklin County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 75481 in Hopkins County, TX, reveals several key points for potential investment.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,120. However, without specific data on the market rent for ZIP 75481, it's impossible to directly compare the two figures. This lack of market rent data suggests that landlords should be cautious about pricing their units too high above the FMR, as it could deter potential tenants.
Regarding the affordability of acquisition, the median home value and days on market (DOM) are not provided, nor is the percentage of homes with price cuts. These missing metrics make it difficult to assess the typical costs and competition faced when purchasing properties in this ZIP code. Landlords and investors should seek additional local real estate data to better understand the acquisition landscape.
The third question concerns tenant demand. With a population of 487, only 10.1% are renters. This indicates a relatively low demand for rental housing in ZIP 75481. Given the small number of potential tenants, landlords might face challenges in filling vacancies and maintaining steady occupancy rates.
Verdict: While the ZIP 75481 offers a defined Fair Market Rent, the absence of market-specific data such as median home values and DOM complicates the assessment of acquisition costs. Furthermore, the low renter share of the population suggests limited tenant demand. For landlords and small-portfolio investors, this ZIP code presents significant risks due to these factors, and careful consideration is advised before committing to investment.
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.