Location: Titus County, TX | Metro: Franklin County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,280 |
| 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 ZIP code 75487 is situated in a suburban neighborhood characterized by a relatively small population of 1,437 residents. The area has a modest rental market share of 13.9%, indicating that it is predominantly owner-occupied. The median income in this ZIP code stands at $31,912, which is notably lower than the national average. Despite the lack of data on median home values, the demographic snapshot suggests an environment where affordability is a key consideration.
Moving into the economic analysis of renting in ZIP 75487, the Fair Market Rent (FMR) set by the government for the metro area for fiscal year 2026 is $970. In contrast, the actual market rent based on Census ACS data is $773. This discrepancy indicates that there is potential for landlords to increase rents towards the FMR without significantly deterring tenants, given the low median income in the area.
From an investment perspective, ZIP 75487 offers different opportunities depending on the landlord's strategy. For hands-off operators relying on Section 8 vouchers, the area presents a stable but modest income opportunity due to the lower median income and limited rental market. On the other hand, for hands-on investors looking to add value through property improvements, there is potential to capitalize on the gap between current market rents and the FMR. By enhancing properties to justify higher rents, these investors can achieve better returns while still serving the needs of the community.
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.