Section 8 Fair Market Rent (FMR) for ZIP 75482 - 2027

Location: Hopkins County, TX | Metro: Hopkins County, TX

Investment Score for ZIP 75482

Monthly Rent (2BR)

$1,200

Median Price (2BR)

$165,561

1% Rule

0.72%

Annual Yield

8.7%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,000
1 Bedroom	$1,020
2 Bedrooms	$1,200
3 Bedrooms	$1,600
4 Bedrooms	$1,610
5 Bedrooms	$1,868
6 Bedrooms	$2,092
7 Bedrooms	$2,259
8 Bedrooms	$2,372

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,200	$165,561	0.72%	D
3BR	$1,600	$254,936	0.63%	D
4BR	$1,610	$355,359	0.45%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

26,483

Median Household Income

$69,970

Housing Units

10,808

Renter Percentage

33.5%

Occupancy Rate

89.2%

Renter Occupied

3,234

Sulphur Springs, TX, located in ZIP code 75482, offers a unique blend of suburban living with easy access to urban amenities. This area has been attracting attention from both tenants and investors alike due to its growing rental market and the potential it holds for property appreciation. Here's a concise market analysis based on key metrics:

The Fair Market Rent (FMR) for ZIP 75482 is set at $1,120 for the fiscal year 2026, which reflects the maximum amount that a household receiving housing assistance would pay.
The actual market rent, measured by the Zillow Observed Rent Index (ZORI), stands at $1,508. This indicates that the local rental market is robust and commands higher rates than those covered by housing assistance programs.
The median home value in Sulphur Springs is $243,081, suggesting a relatively affordable market for investment properties.
Renters make up 33.5% of the population, indicating a significant portion of the community relies on rental housing, which can be a stable source of income for landlords.
The Days on Market (DOM) for listings is 53 days, showing that properties take about two months to sell, which is a moderate turnaround time in the real estate market.
The median household income in the area is $69,970, providing insight into the financial capabilities of potential renters and buyers.

Given these figures, investing in rental properties in Sulphur Springs appears promising. The disparity between the FMR and ZORI suggests that landlords can charge above the subsidized rate, while still being competitive in the market. With a substantial renter share and moderate DOM, there is a balance between demand and supply, making it a favorable environment for both new and seasoned investors looking to enter or expand their portfolio in this Texas suburb.

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.