Location: Fannin County, TX | Metro: Fannin County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
ZIP code 75488, located in the Fannin County, TX metro area, fits well into a Section 8 portfolio strategy as a cash-flow anchor. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This figure provides a stable baseline for rental income, ensuring predictable cash flow for landlords and small-portfolio investors.
The median home value in ZIP 75488 stands at $377,508. While there isn't specific market rental data available, the FMR can be used as a benchmark to gauge the potential rental income. Landlords can leverage this information to ensure their properties are priced competitively within the Section 8 program limits, thereby securing steady tenant occupancy and reliable rental payments.
With a 2.2% renter share, ZIP 75488 indicates a relatively low proportion of renters compared to homeowners. However, this characteristic does not diminish its value as a cash-flow anchor but rather highlights the importance of focusing on the stability that Section 8 tenants bring. These tenants provide a guaranteed income stream, which is crucial for maintaining positive cash flow, especially when the local market is not fully supportive of rental pricing.
The median income of $54,700 suggests that many residents could benefit from the affordability offered by Section 8 housing. This demographic alignment increases the likelihood of finding qualified tenants who will appreciate the opportunity to secure housing through the program. By positioning properties in ZIP 75488 as desirable Section 8 units, landlords can tap into a consistent pool of tenants, further reinforcing the role of these properties as anchors for cash flow.
In conclusion, ZIP 75488 serves as a solid cash-flow anchor within a Section 8 portfolio due to the stable rental income provided by the FMR and the potential for long-term, reliable tenancy. Landlords should focus on optimizing their properties to meet the needs of Section 8 tenants while ensuring they are priced appropriately to attract and retain these tenants.
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.