Location: Harrison County, TX | Metro: Harrison County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 75670 in fiscal year 2024 is set at $1000. This figure represents the payment standard for Section 8 housing assistance, meaning that if you participate in the program, this is the maximum amount the government will pay toward the rent of a property in this area. It's important to note that the FMR does not determine the actual rent you charge; it's a benchmark used to ensure that rents are reasonable and comparable to the market.
To put this into context, the Zillow Observed Rent Index (ZORI), which reflects typical rental rates in the area, stands at $915. This suggests that the FMR is slightly higher than the average rent, which can be beneficial for landlords participating in the Section 8 program as they receive a rate closer to the higher end of the local market.
The 40.9% renter share indicates that nearly half of the households in ZIP 75670 are renters, signaling a strong demand for rental properties. This high percentage of renters supports the viability of offering a Section 8 rental, as there is a significant pool of potential tenants who might benefit from the assistance.
When considering the acquisition cost of a property in this ZIP code, the median home value of $118,548 provides insight into what you might expect to pay for a home. This price point is relatively accessible, making it feasible for small-portfolio investors to enter the market without requiring a large upfront investment.
Before committing to a Section 8 rental in ZIP 75670, verify that your property meets all the necessary inspection criteria. The Housing Quality Standards (HQS) inspection ensures that the property is safe and habitable, which is a prerequisite for receiving Section 8 payments. Ensuring compliance with these standards is crucial for avoiding delays and ensuring smooth operation once you have tenants.
In summary, the FMR of $1000 offers a competitive payment standard compared to the local average rent of $915. With a substantial 40.9% of households renting, there is ample demand for rental properties. At an acquisition cost of around $118,548, investing in a Section 8 rental can be financially viable. Just make sure your property passes the HQS inspection to avoid any complications.
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.