Location: Morris County, TX | Metro: Cass County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 75656 reveals a favorable environment for cashflow. The HUD Fair Market Rent (FMR) for the Morris County, TX metro area in fiscal year 2026 is set at $970, which exceeds the current market rent of $885 based on Census ACS data. This means that voucher tenants can cashflow at the FMR, providing landlords with a positive net operating income without relying on premium units.
To further understand the investment potential, consider the median home value in ZIP 75656, which stands at $170,211. Using this figure, we can calculate the rent-to-price ratio. With an average rent of $885, the annual rent is approximately $10,620. Dividing this by the median home value gives us a rent-to-price ratio of about 6.2%. This ratio indicates that rental income is relatively low compared to property values, suggesting that the area may be more suitable for buy-and-hold strategies rather than flipping properties.
The dynamics between renting and buying are also noteworthy. The median Days on Market (DOM) is listed as N/A, which could imply either very quick sales or a lack of recent transaction data. Additionally, the price-cut share of 0.2% suggests that homes in this area rarely need to be discounted, indicating a stable housing market. However, these metrics do not significantly impact the cashflow potential for Section 8 investors, given the positive difference between HUD FMR and market rent.
In conclusion, the strongest investor angle in ZIP 75656 is cashflow, due to the higher HUD FMR compared to the actual market rent, ensuring a consistent positive income for landlords who accept Section 8 vouchers.
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.