Location: Cherokee County, TX | Metro: Rusk County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
18.6% of residents in ZIP code 75654 are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for Section 8 in this area is set at $920 for the fiscal year 2024, which is significantly below the market rent of $1,057 as reported by the Census Bureau's American Community Survey (ACS). This discrepancy suggests that landlords could potentially receive higher rents from non-Section 8 tenants, though the subsidy can provide steady and timely payments.
$69,848 is the median income for households in this ZIP code, which is an important figure when considering the financial stability of potential tenants. While this income level is not exceptionally high, it still allows for a reasonable portion of the population to qualify for Section 8 assistance, making the program accessible to a significant number of residents.
The median home value in ZIP 75654 is $218,377, reflecting the overall property values in the area. This figure is crucial for investors looking to purchase properties for rental purposes, as it provides insight into the typical investment cost. Additionally, the fact that the Days on Market (DOM) is not applicable (N/A) and the price-cut share is only 0.2%, indicates that the housing market in this area is stable and properties are likely to sell without significant price adjustments.
In summary, ZIP code 75654 offers a balanced opportunity for landlords and small-portfolio investors interested in Section 8 properties. With a lower FMR compared to the market rent and a median income that supports Section 8 participation, the area presents a viable option for those seeking reliable tenants through the Section 8 program. However, the potential for earning above the subsidized rates also exists, given the higher market rents. The stable housing market, as evidenced by the low price-cut share and median home value, further enhances the attractiveness of this ZIP code for real estate investments.
Verdict: Section 8 properties in ZIP 75654 offer a reliable stream of income with stable market conditions.
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.