Location: Van Zandt County, TX | Metro: Tyler, TX MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,670 | $265,928 | 0.63% | D |
| 4BR | $1,800 | $340,508 | 0.53% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP code 75704, located in Van Zandt County, Texas, presents a clear opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) set at $1070 for fiscal year 2024 is notably lower than the market rent reported by the Census ACS, which stands at $1,173. This indicates that landlords can potentially receive higher rents than the FMR benchmark, enhancing their profitability.
Acquisition costs in this area are also favorable. With a median home value of $252,376, purchasing properties remains within a reasonable range for many investors. The lack of data on days on market (DOM) and the low percentage of homes requiring price cuts (0.2%) suggest that homes in this ZIP code sell quickly and without significant discounts, making it an attractive area for property acquisition.
Tenant demand is robust, given the population of 8,913 and a renter share of 21.5%. This implies a substantial pool of potential tenants who are likely to seek rental housing, ensuring steady occupancy rates for landlords. The combination of these factors—favorable rent-to-FMR ratio, affordable home values, and strong tenant demand—positions ZIP 75704 as a promising investment location.
In summary, the ZIP 75704 offers a compelling case for real estate investment. Landlords can expect to charge above the FMR, benefit from relatively low home values, and tap into a consistent tenant base. These conditions make it a viable option for those looking to enter or expand their holdings in the Van Zandt County, Texas, market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.