Location: Tyler, TX | Metro: Rusk County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The ZIP code 75684 has a population of 8,040 residents, with 15.5% being renters. This indicates that the area is primarily dominated by homeowners rather than renters, suggesting that the pool of potential Section 8 tenants might be relatively smaller compared to areas with higher percentages of renters.
The median household income in this ZIP is $57,273. The typical market rent of $868 represents approximately 15.2% of the median income, which is calculated by dividing the rent by the annual income ($868 / ($57,273 / 12)). This percentage is significant but manageable for many households.
The Fair Market Rent (FMR) for the area, as set for FY 2024, is $1,050. This means that the market rent of $868 is below the FMR, indicating that landlords could potentially increase their rents closer to the FMR without significantly impacting their ability to attract tenants who qualify for vouchers.
A landlord in ZIP 75684 should expect a tenant profile that includes individuals and families who rely on Section 8 housing vouchers to afford their living space. These tenants will likely have an income level that aligns closely with the ZIP's median, and they will appreciate the lower market rent compared to the FMR. However, due to the homeowner-dominated nature of the area, competition for Section 8 vouchers may be less intense than in areas with higher renter populations.
To summarize, while 75684 is not a renter-heavy ZIP, it still offers opportunities for landlords willing to cater to the Section 8 market. With typical rents consuming a reasonable portion of the median income and being below the FMR, the area presents a balanced environment for both landlords and voucher-dependent tenants.
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.