Location: Morris County, TX | Metro: Marion County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The ZIP code 75668 presents a significant opportunity for landlords interested in Section 8 tenants. With a population of 2,094, nearly 40% of residents are renters, indicating a substantial tenant pool. The median household income stands at $41,495, which directly correlates to the affordability of housing in the area.
The market rent of $752 is notably lower than the Fair Market Rent (FMR) of $1,060, as set by HUD for FY 2026 in the metro area. This suggests that the ZIP code is experiencing a rental market that is more affordable compared to the broader metropolitan average. For context, the typical rent of $752 consumes approximately 18% of the median household income, making it relatively manageable for renters.
The deep voucher demand in ZIP 75668 is evident given the high percentage of renters and the disparity between the actual market rent and the FMR. Landlords can expect a steady stream of potential tenants who rely on Section 8 vouchers to cover their housing costs. These tenants will likely be seeking housing options that align with the $752 market rent, which is significantly below the HUD's benchmark of $1,060.
In summary, ZIP 75668 is a renter-heavy area with strong demand for Section 8 vouchers. The expected tenant profile includes individuals and families whose total income falls within the range that qualifies them for housing assistance. They will be looking for affordable housing options that fit within their budget constraints, leveraging the $752 market rent to find suitable homes without exceeding a reasonable portion of their income.
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.