Section 8 Fair Market Rent (FMR) for ZIP 75680 - 2027
Location: Rusk County, TX | Metro: Rusk County, TX HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $840 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
To determine if you should invest in ZIP code 75680 for Section 8 properties, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $1,180 cover your debt service?
- Yes: If the FMR of $1,180 can cover your mortgage payments and other expenses, then proceed to the next question.
- No: If the FMR does not clear your debt service, investing in ZIP 75680 would be financially unwise. Look for areas where the FMR is higher relative to your costs.
- 2) Is the market rent above, at, or below the FMR?
- Above: If the market rent is above $1,180, there is potential for higher returns outside of Section 8, but it also indicates that Section 8 tenants might struggle to find non-subsidized housing. This could stabilize occupancy rates but not necessarily increase profitability.
- At: If market rents align closely with the FMR, the area is likely to have a balanced market for both subsidized and non-subsidized rentals. This scenario supports stable cash flows, making it a viable option for Section 8 investments.
- Below: If market rents are below the FMR, it suggests that the rental market is less competitive and potentially more affordable. This makes Section 8 properties more attractive to tenants, ensuring high occupancy rates. However, profitability margins will be tighter compared to scenarios where market rent exceeds the FMR.
- 3) Do the percentage of renters and the days on market indicate sufficient demand?
- N/A% renters + N/A-day DOM: Without specific percentages and days on market, it's challenging to assess demand accurately. Typically, if the majority of residents are renters and the days on market are low, it signifies strong demand. Conversely, high days on market suggest slower sales or rentals, indicating lower demand.
Note: The data provided lacks specific figures for market rent, percentage of renters, and days on market, which are crucial for a thorough analysis. Ensure you gather these details before making an investment decision.
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.