Location: Rusk County, TX | Metro: Rusk County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 75658 presents a unique challenge for both renters and landlords due to the lack of specific data on median income and market rent rates. However, we can still analyze the situation based on the available information.
With the Fair Market Rent (FMR) set at $1010 for fiscal year 2024, it serves as a benchmark for housing affordability in this area. This figure represents the maximum amount that a household receiving a housing voucher would pay towards rent. The absence of a reported median income makes it difficult to assess whether a typical household can afford the current market rate without subsidies.
The low population count suggests a tight-knit community where word-of-mouth and reputation play a crucial role in attracting tenants. Landlords must consider the impact of limited rental demand and the reliance on voucher holders to fill vacancies.
For landlords evaluating their strategies, focusing on voucher acceptance could be a viable option given the high percentage of renters relative to the small population. Vouchers provide a guaranteed source of income and can help mitigate risks associated with tenant turnover and unpaid rent.
The takeaway for landlords is clear: accepting vouchers can be a strategic advantage in ZIP 75658. It ensures a steady stream of qualified tenants willing to pay up to $1010 per month, which aligns with the FMR. While cash-paying tenants might offer higher rents, the scarcity of such tenants in this area means that landlords should prioritize flexibility in their payment options to remain competitive.
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.