Location: Texarkana, AR | 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 analysis of ZIP code 75567 within the Texarkana, TX-TX, AR HUD Metro FMR area reveals several key points that are crucial for landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area as of fiscal year 2024 is set at $1010, which is notably higher than the market rent of $776 reported by the Census ACS. This suggests that the HUD FMR is not aligned with current market conditions, potentially making it challenging for landlords to attract tenants willing to pay the higher FMR rate.
Moving on to the affordability of acquisitions, the median home value in ZIP 75567 is $196,444. With no data available on days on market (DOM) or the percentage of homes that have had their prices cut, it's difficult to gauge the ease of acquiring properties at this price point. However, the median home value indicates a moderate investment cost relative to other areas in the region.
Regarding tenant demand, the ZIP code has a population of 3,660, with 24.7% of residents being renters. This means there are approximately 905 potential rental households, providing a reasonable pool of tenants for landlords and investors to draw from.
In summary, while the HUD FMR is higher than the actual market rent, indicating a mismatch between the two, the median home value suggests a moderate investment environment. The presence of nearly 905 rental households supports a steady tenant demand. Landlords and investors should carefully consider these factors before entering the ZIP 75567 market, ensuring they align their rental pricing with the market to maximize occupancy rates and investment returns.
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.