Location: Tyler, TX | Metro: Tyler, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
U.S. Census Bureau data (2024)
The ZIP code 75711 is located in Tyler, Texas, and has a population of 163 individuals. The median age of residents is 19.6 years, indicating a young demographic. Notably, there is a 0% poverty rate and 0% unemployment rate, suggesting a relatively stable environment. However, the median household income, median home value, and median rent are not available, which limits our ability to make precise comparisons.
In the context of Section 8 investing, the Federal Market Rent (FMR) for ZIP code 75711 in fiscal year 2024 is set at $1240 per month. This figure serves as a benchmark for rental subsidies under the program. Given the lack of specific market rent data, the FMR provides a useful starting point for understanding the rental economics of the area.
For landlords and small-portfolio investors considering Section 8 investments in ZIP code 75711, the absence of detailed income and rent data suggests that this area may be better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The stable poverty and unemployment rates indicate a reliable tenant pool, but without further specifics on local rental market conditions, it is difficult to assess opportunities for significant property improvements or increased rents beyond the FMR.
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.