Section 8 Fair Market Rent (FMR) for ZIP 75551 - 2027

Location: Cass County, TX | Metro: Cass County, TX

Investment Score for ZIP 75551

N/A

Monthly Rent (2BR)

$1,110

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$840
1 Bedroom	$850
2 Bedrooms	$1,110
3 Bedrooms	$1,540
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

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
3BR	$1,540	$193,497	0.8%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

10,341

Median Household Income

$64,248

Housing Units

4,971

Renter Percentage

22.4%

Occupancy Rate

88.2%

Renter Occupied

983

The ZIP code 75551, located in the metropolitan area of Tyler, Texas, presents a unique blend of affordability and accessibility. The region is characterized by a mix of residential areas, offering both rental and homeownership opportunities. This analysis delves into the specifics of the housing market within this ZIP code, providing insights that are crucial for landlords and small-portfolio investors.

Fair Market Rent (FMR): As of fiscal year 2026, the FMR for a two-bedroom apartment in the metro area of ZIP 75551 is set at $1,060. This figure serves as a benchmark for rental pricing in the area.
Market Rent: According to the latest Census ACS data, the average market rent for a one-bedroom apartment in ZIP 75551 stands at $932, indicating a slightly lower actual rental price compared to the FMR.
Median Home Value: The median home value in ZIP 75551 is $164,878, reflecting a relatively affordable market for potential homeowners.
Renter Share: Approximately 22.4% of households in the area are renters, suggesting a moderate demand for rental properties.
Days on Market (DOM): The data for the days a property stays on the market before it's sold is not available, which could indicate either a very active or a less transparent real estate market.
Median Income: The median household income in ZIP 75551 is $64,248, providing insight into the financial capacity of residents to afford housing costs.

Investors considering entry into the ZIP 75551 real estate market should note the discrepancy between the FMR and actual market rents, indicating a possible opportunity to adjust rental prices closer to the FMR without alienating tenants. The moderate renter share suggests a balanced market where both rental and homeownership options are viable. Given the median home value and median income, there is a clear affordability factor that can be leveraged. However, the lack of DOM data implies caution is advised when evaluating the speed and ease of property turnover. Overall, ZIP 75551 offers a stable, albeit moderately priced, real estate investment environment.

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.