Location: Marion County, TX | Metro: Harrison County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 75651 stands out due to its unique demographic and economic characteristics. With a total population of 1,871 residents, it has a rental rate of 25.6%, indicating a modest but significant share of renters in the area. The median income here is $43,514, which is relatively low compared to national averages. However, the median home value is notably high at $220,815, suggesting that homeownership is more expensive relative to income levels.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 75651 in fiscal year 2024 is set at $1,100, while the average market rent based on Census ACS data is $987. This means that landlords who accept Section 8 vouchers can charge a premium over the typical market rent, making it an attractive option for those looking to maximize their rental income. The gap between the FMR and market rent indicates a favorable environment for landlords, as they can potentially attract tenants willing to pay the higher voucher amount.
The data signature for ZIP 75651 suggests a stable environment, characterized by a consistent median income and a slightly elevated median home value. While the rental market shows a moderate participation rate, the disparity between the FMR and market rent provides a steady opportunity for landlords. This stability is further reinforced by the fact that the voucher economics favor higher rents, ensuring a reliable stream of income for those who choose to participate in the Section 8 program. Overall, ZIP 75651 presents a balanced scenario where the rental market is somewhat insulated from broader economic fluctuations, making it a secure investment for small-portfolio landlords.
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.