Location: Sherman-Denison, TX | Metro: Sherman-Denison, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,190 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
U.S. Census Bureau data (2024)
The ZIP code 75489, located within the Sherman-Denison, TX MSA, has a Fair Market Rent (FMR) of $1290 for fiscal year 2024. This figure represents the amount set by the U.S. Department of Housing and Urban Development (HUD) for determining eligibility and payment standards for housing assistance programs. In comparison to the market rent of $1,581, it indicates that the subsidized rental rate is lower than what the market demands, suggesting a potential value pocket for landlords who can leverage the difference between HUD-subsidized rates and market rents.
The absence of a specific home value figure for ZIP 75489 means we cannot directly compare it to other ZIP codes within the Sherman-Denison, TX MSA. However, the renter share at 31.3% is higher than the national average, which typically hovers around 36%, but still significant for a local context. This suggests that a considerable portion of the residents in 75489 rely on rental properties, which could be indicative of a strong demand for affordable housing units. When combined with the relatively low FMR compared to the market rent, this ZIP code presents itself as an attractive area for Section 8 landlords and small-portfolio investors seeking to maximize their returns while providing essential housing services.
To further contextualize 75489's position within the Sherman-Denison, TX MSA, we need to consider the typical characteristics of ZIP codes in this region. A higher renter share with below-average home values often points to a sweet spot for Section 8 properties. While we do not have comparative home value data for the entire MSA, the existing figures suggest that 75489 is likely a value pocket within its metro. The lower FMR compared to market rent implies that landlords can potentially attract tenants who qualify for housing assistance without compromising on the overall rental income levels.
In summary, ZIP 75489 stands out as a value pocket within the Sherman-Denison, TX MSA due to its lower FMR relative to market rent and a substantial renter share. These factors make it a strategic location for real estate investments focused on maximizing the benefits of Section 8 programs.
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.