Location: Harrison County, TX | Metro: Harrison County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The ZIP code 75661, located within the Harrison County, TX HUD Metro FMR Area, presents several key metrics that define its position relative to other ZIP codes in the same county. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1150, which is notably higher than the market rent figure of $811. This suggests that while the government sets a higher benchmark for rental affordability, actual rents are lower, indicating potential opportunities for landlords who can offer affordable housing solutions.
The median home value in ZIP 75661 is $177,011, which is likely below the average for the entire Harrison County, TX HUD Metro FMR Area. Additionally, the ZIP has a 20.8% share of renters, which is a significant portion of the population and may reflect a reliance on rental assistance programs such as Section 8. The combination of a relatively low home value and a substantial renter share suggests that 75661 could be considered a value pocket within the broader Harrison County metro area.
A value pocket typically indicates an area where properties are more affordable compared to the surrounding regions, yet there is still demand for rental units, especially among those who might benefit from subsidized housing. For landlords and small-portfolio investors, this means that 75661 offers an opportunity to acquire properties at a lower cost and potentially attract tenants seeking affordable housing options.
The discrepancy between the FMR ($1150) and the actual market rent ($811) also points to a potential sweet spot for Section 8 properties. Landlords in this ZIP code can leverage the lower market rent to secure Section 8 contracts without having to significantly reduce their income expectations. This makes 75661 an attractive location for those interested in participating in the Section 8 program, given the alignment of lower property costs and the availability of rental subsidies.
In summary, ZIP 75661 stands out as a value pocket within the Harrison County, TX HUD Metro FMR Area, characterized by its lower home values and substantial renter share. These factors create an environment where landlords can find good opportunities to invest in affordable rental properties and participate effectively in the Section 8 program.
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.