Section 8 Fair Market Rent (FMR) for ZIP 75770 - 2027
Location: Henderson County, TX | Metro: Anderson County, TX
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$83,542
When considering whether to purchase a property in ZIP code 75770 for Section 8 investment, follow this decision tree:
- Does FMR $1,080 (metro FY 2026) clear debt service on a $368,899 property?
- If your debt service (including mortgage, taxes, insurance, and maintenance) is less than $1,080 per month, then the answer is yes. The Fair Market Rent (FMR) covers your expenses.
- If your debt service exceeds $1,080 per month, then the answer is no. The FMR does not cover your total monthly expenses.
- Is market rent $986 (Census ACS) above, at, or below FMR?
- If the market rent is above $1,080, then you can charge the higher market rate. This makes the investment yes, as you will be able to cover your costs and potentially earn additional income.
- If the market rent is exactly $1,080, then you can still proceed with the investment. The answer remains yes, but there's no room for unexpected increases in costs.
- If the market rent is below $1,080, then the investment is riskier. You would need to rely solely on the FMR to cover costs, making the answer it depends on your ability to manage the property efficiently.
- Are 7.6% renters + N/A-day days on market (DOM) enough demand?
- The percentage of renters in the area is low at 7.6%. However, the lack of data on days on market (DOM) means we cannot fully assess how quickly properties are rented out. Given these conditions, the answer is it depends.
- If the low percentage of renters leads to long DOM periods, then the answer shifts to no, as demand is insufficient to ensure steady rental income.
- If despite the low renter percentage, properties are rented out quickly, then the answer is yes. Rapid turnover can mitigate the risks associated with low renter percentages.
To summarize, purchasing in ZIP 75770 for Section 8 investment is viable if your debt service is covered by the FMR and market rents are favorable. However, the low percentage of renters introduces uncertainty that must be weighed against other factors such as the speed of property rentals and local economic trends.
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.