Location: Panola County, TX | Metro: Panola County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
The Fair Market Rent (FMR) for ZIP code 75637 in fiscal year 2026 is set at $1,000. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 housing choice voucher program. It does not mean that you will receive $1,000 as rent; rather, it is the maximum amount HUD will pay towards rent for a unit in this area.
In ZIP 75637, the local median rent is currently listed as N/A, which makes direct comparison challenging. However, the FMR of $1,000 can be used as a benchmark to ensure your rental pricing aligns with market expectations for subsidized housing.
The percentage of renters in the area is N/A%, indicating a significant portion of the population relies on renting as their primary form of housing. This suggests there is a strong demand for rental properties, particularly those that might be covered under the Section 8 program.
When acquiring a property for Section 8, the initial cost can vary widely depending on factors such as condition and location. The average price for a rental property in this ZIP code is listed as N/A, which should guide your investment decisions regarding the purchase price and potential renovation costs.
A key factor to verify before proceeding with a Section 8 rental is whether the property meets the minimum standards set by HUD. These standards ensure that the living conditions are safe and habitable. You must confirm that your property complies with these requirements to avoid disqualification.
To summarize, the $1,000 FMR for ZIP 75637 indicates the maximum subsidy available through the Section 8 program. With a high renter share, there is likely a good demand for Section 8 rentals. Before making an investment, ensure your property meets HUD's minimum standards.
Data Sources: FMR data from HUD (2027).
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.