Location: Red River County, TX | Metro: Texarkana, TX-Texarkana, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 75559 stands out in its county with a population of 5,528 residents, where 30.9% of them rent their homes. The median income in this area is $58,313, and the median home value is significantly higher at $194,344. This indicates a community that is somewhat affluent but also has a notable rental market.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 75559 in fiscal year 2024 is set at $910. In contrast, the Census American Community Survey (ACS) reports the market rate at $828. This discrepancy suggests that landlords who accept Section 8 vouchers can expect to receive slightly above-market rents, which could be beneficial for maintaining cash flow and property management costs.
The data signature for ZIP 75559 reads as stable. With a relatively high median home value and a decent median income, the area supports a healthy balance between homeowners and renters. The slight increase in FMR over the market rate also indicates that the federal government recognizes the cost of living in this area and adjusts accordingly, providing further stability for those relying on housing assistance.
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.