Location: Harrison County, TX | Metro: Harrison County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
ZIP code 75650, located within the Harrison County, TX HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1260 for fiscal year 2024. This compares favorably to the average market rent of $1,142, indicating that it slightly exceeds what the typical tenant might pay out-of-pocket but aligns closely with the subsidized rates available through Section 8.
The median home value in ZIP 75650 stands at $292,747. This figure is consistent with the broader Harrison County market, suggesting that property values in this area are neither unusually low nor high compared to the surrounding region. The renter share in ZIP 75650 is 21.2%, which is higher than the national average and suggests a significant portion of residents rely on rental housing.
To determine if ZIP 75650 represents a value pocket, mid-tier neighborhood, or a premium sub-market within the Harrison County, TX HUD Metro FMR Area, we can examine the relationship between the FMR, market rent, and home values. Given that the FMR ($1260) is only marginally above the market rent ($1,142), and the home values ($292,747) are in line with the county average, it is reasonable to conclude that ZIP 75650 is a mid-tier neighborhood. It offers a balance between affordability and property value, making it an attractive option for both landlords and tenants participating in the Section 8 program.
Notably, the higher-than-average renter share in ZIP 75650, combined with home values that do not exceed the county average, could indicate a sweet spot for Section 8 properties. Landlords who invest here can expect a steady demand from renters who qualify for assistance, without the need to compete against significantly higher-priced areas.
In summary, ZIP 75650 provides a middle ground within the Harrison County, TX HUD Metro FMR Area, balancing rental subsidies with market conditions. Its characteristics make it a solid choice for small-portfolio investors looking to enter the Section 8 market without overpaying for premium properties.
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.