Section 8 Fair Market Rent (FMR) for ZIP 75493 - 2027

Location: Titus County, TX | Metro: Titus County, TX

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$840
2 Bedrooms	$1,020
3 Bedrooms	$1,340
4 Bedrooms	$1,340
5 Bedrooms	$1,554
6 Bedrooms	$1,740
7 Bedrooms	$1,879
8 Bedrooms	$1,973

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

629

Median Household Income

$50,893

Housing Units

169

Renter Percentage

35.8%

Occupancy Rate

94.1%

Renter Occupied

The ZIP code 75493, located in the heart of Texas, offers a unique blend of suburban charm and urban convenience, making it an attractive area for both renters and homeowners. The region benefits from a growing economy and diverse job opportunities, which contribute to its steady demand for housing.

Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980. This indicates that the rental market in the area is expected to remain strong, supporting higher rental incomes for landlords.
The market rent, as per the Census ACS, currently stands at $863. This figure reflects the actual rental prices being charged in the area, suggesting a potential for modest growth towards the FMR.
The renter share of the population is 35.8%, which points to a significant portion of the local residents preferring to rent rather than own their homes. This trend supports the viability of rental properties in the area.
The median income for the area is $50,893. This level of income suggests that tenants can afford the current and projected rents, further bolstering the attractiveness of the rental market.
The median home value is listed as N/A, indicating that the area might be primarily rental-focused or has insufficient data on home values to provide a reliable figure.
The days on market (DOM) for listings is also listed as N/A, which could imply that the housing market is either very active or that there isn't enough data to determine typical listing durations.

In summary, the ZIP code 75493 presents a promising investment opportunity for landlords and small-portfolio investors. With a growing economy and a substantial renter base, the area is poised for rental price increases, aligning with the projected FMR. The current market rent is lower than the FMR, providing a window for potential rental income growth. The median income supports the ability of tenants to meet these rising costs, ensuring stability in the rental market. Despite the lack of data on home values and DOM, the other indicators strongly suggest a favorable environment for rental investments.

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.