Location: Morris County, TX | Metro: Cass County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 75568 stands out due to its relatively low median income of $48,417, combined with a moderate percentage of renters at 27.5%. With a total population of 2,677 residents, the area also boasts a median home value of $160,175, which is notably higher than the typical renter's budget. This suggests that homeownership is more prevalent and that those who do rent may be looking for more affordable options.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $990. However, the actual market rent, according to the Census American Community Survey, is significantly lower at $711. This discrepancy indicates that landlords in ZIP 75568 could potentially see an increase in rental income if they accept Section 8 vouchers, as the vouchers cover a higher amount than the current market rate.
Given the data signature, ZIP 75568 appears to be a stable market. The median home value is indicative of a middle-class community where a portion of the population may still find housing costs challenging. Accepting Section 8 vouchers can provide a steady stream of tenants and help fill vacancies that might otherwise go unfilled due to the mismatch between the local income levels and housing costs. Landlords should consider the benefits of participating in the program, including the financial stability it offers, even though the market rent is below the FMR.
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.