Location: Tyler, 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 | $970 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,760 | $291,285 | 0.6% | D |
| 4BR | $1,900 | $423,779 | 0.45% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 75762 in fiscal year 2024 is set at $1,360. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit in this area. It's important to note that this is not the rent you will receive; it's the payment standard used by the Housing Choice Voucher Program.
In comparison, the local Zillow Observed Rental Index (ZORI) stands at $1,792. This indicates that the average market rent for similar properties is higher than the FMR. As a landlord participating in Section 8, you should be prepared to accept a lower rent than what you might typically charge.
The demand for rental housing in 75762 is substantial, with renters making up 14.6% of the total population. This suggests a significant number of potential tenants who could benefit from Section 8 vouchers. However, it also means that there is competition for these vouchers, so securing a tenant may take some time.
If you're looking to acquire a property in this ZIP code, you should expect an investment of around $308,568. This is the median home value, which gives you a benchmark for the cost of entry into the market.
Before deciding to enter the Section 8 market, you must verify that your property meets all the necessary criteria. Specifically, ensure that the property is in good condition and complies with the Housing Quality Standards (HQS) required by the program. These standards cover a range of safety and habitability issues, such as proper heating, electrical systems, and structural integrity.
Participating in Section 8 can provide a steady stream of income, but it comes with responsibilities and limitations. The FMR of $1,360 means you won't be able to charge more than this for a voucher-assisted tenant, even if the market allows for higher rents. Understanding and accepting these terms is crucial for a successful venture into Section 8 rentals.
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.