Location: Rusk County, TX | Metro: Rusk County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The classification of ZIP code 75689 hinges on the available data points concerning rental market dynamics and economic stability. With a Fair Market Rent (FMR) of $1010 for fiscal year 2024, the yield potential for landlords in this area is notable. However, the lack of specific market rent and home value data introduces an element of uncertainty.
The stability of the market can be gauged by several factors, including the percentage of renters and median household income. In ZIP 75689, 31.3% of residents are renters, which is a moderate figure that suggests a balanced mix of homeowners and tenants. The median household income of $51,167 provides insight into the financial health of the local population, indicating a reasonable capacity to pay rent without significant strain.
Despite the incomplete dataset, it's evident that ZIP 75689 leans towards a steady-cashflow zone. The FMR of $1010 offers a clear benchmark for rental pricing, ensuring that landlords can set competitive rates. The median income level supports this, as it implies a stable tenant base capable of meeting their rent obligations consistently.
While the exact market rent and days on market (DOM) figures are missing, the relatively high percentage of renters and the specified FMR suggest a market where rental properties can perform well without the volatility often associated with flipping properties. Landlords and small-portfolio investors should find the area conducive to generating reliable rental income, provided they maintain their properties and manage their investments effectively.
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.