Location: Marion County, TX | Metro: Harrison County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The classification of ZIP code 75657, located in Texas, hinges on its financial metrics and the characteristics of its rental market. With a Fair Market Rent (FMR) of $1,020 for the fiscal year 2024, compared to the market rate of $913, this area presents a modest opportunity for higher yields through Section 8 tenancy. The average home value stands at $155,333, indicating a relatively affordable housing market.
Evaluating stability, we observe that 23.9% of the population are renters, which suggests a moderate reliance on rental properties. However, the lack of available data on the number of days on market (DOM) indicates a potential gap in understanding the local real estate transaction dynamics. The median household income of $49,466 points towards a lower-middle-income bracket, which can influence the demand for subsidized housing but also poses risks related to economic volatility.
Based on these figures, ZIP 75657 leans toward a steady-cashflow zone. The FMR provides a slight premium over market rates, which can be beneficial for landlords participating in the Section 8 program. However, the relatively low income levels suggest a need for caution regarding the long-term stability of the rental market. Despite the absence of day DOM data, the combination of a modest rental premium and a significant proportion of homeownership (76.1%) supports an environment conducive to consistent, if not exceptionally high, cash flow.
To further clarify, the following factors drive this assessment:
In conclusion, while ZIP 75657 offers a reasonable yield through the Section 8 program, its stability is more pronounced, making it suitable for those seeking reliable, albeit not extraordinarily high, returns on investment.
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.