Location: Harrison County, TX | Metro: Harrison County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
The ZIP code 75671 is located in Marshall, TX, and represents a tight-knit residential area with diverse demographics. The median household income is $66,918, which is significantly lower than the state average, indicating an affordable living environment. The median home value stands at $681,943, also below the state average, suggesting that this area offers more affordable housing options.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP 75671 in fiscal year 2024 is set at $1,100. This figure is notably lower than the current median rent of $658, which has seen a 27.1% increase over the past five years. Despite the rise in median rent, the FMR remains a stable benchmark for rental properties in the area.
Given the data, ZIP 75671 is well-suited for hands-off Section 8 voucher operators due to its lower median income and rent levels compared to state averages. However, it also presents opportunities for hands-on value-add buyers who can capitalize on the growing local economy and potentially increase property values through improvements and upgrades.
Data Sources: FMR data from HUD (2027).
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.