Section 8 Fair Market Rent (FMR) for ZIP 75573 - 2027
Location: Texarkana, AR | Metro: Texarkana, TX-Texarkana, AR HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $860 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$90,349
A landlord considering whether to invest in ZIP code 75573 for Section 8 purposes must evaluate several factors to make an informed decision. Here is a structured approach:
- Does the Fair Market Rent (FMR) of $970 cover the debt service on a property valued at $173,224?
- Yes. The FMR of $970 is designed to ensure that housing costs are affordable for low-income families. For a property priced at $173,224, if the monthly mortgage payment including interest and taxes does not exceed $970, then the FMR will indeed cover the debt service. This makes ZIP 75573 a viable option for Section 8 properties.
- No. If the debt service exceeds $970 per month, then the landlord would not be able to rely solely on Section 8 vouchers to cover the mortgage payments. In this case, the investment in ZIP 75573 for Section 8 purposes would not be advisable.
- Is the market rent of $971 above, at, or below the FMR?
- Market rent is slightly above the FMR. With a market rent of $971, which is just above the FMR of $970, landlords can expect a small margin over the FMR. This slight premium suggests that the area might offer a reasonable return on investment, especially if the landlord can find properties with lower purchase prices or lower debt service costs.
- Market rent is at or below the FMR. If the market rent were at or below the FMR, landlords would need to consider other sources of income or subsidies to ensure profitability. However, since the market rent is only slightly higher, it still indicates a tight margin.
- Are 49.2% of residents renters, and is the number of days on the market (DOM) sufficient to meet demand?
- It depends. With nearly half of the residents being renters, there is a substantial rental market in ZIP 75573. However, the lack of data on days on the market (DOM) means that the speed at which rental units are occupied is unknown. If the DOM is low, indicating quick occupancy, then the high percentage of renters supports a strong demand for rental properties. Conversely, if the DOM is high, suggesting slower occupancy rates, then the demand might not be robust enough to justify investment in Section 8 properties.
In conclusion, ZIP 75573 presents a mixed picture for Section 8 investments. The FMR adequately covers the debt service for a property valued at $173,224, and the market rent offers a slight premium. However, the absence of DOM data complicates the assessment of demand. Landlords should further investigate local vacancy rates and DOM to determine if the demand is sufficient to support their investment goals.
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.