Section 8 Fair Market Rent (FMR) for ZIP 75773 - 2027

Location: Wood County, TX | Metro: Tyler, TX MSA

Investment Score for ZIP 75773

Monthly Rent (2BR)

$1,210

Median Price (2BR)

$178,155

1% Rule

0.68%

Annual Yield

8.15%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$990
2 Bedrooms	$1,210
3 Bedrooms	$1,620
4 Bedrooms	$1,790
5 Bedrooms	$2,076
6 Bedrooms	$2,325
7 Bedrooms	$2,511
8 Bedrooms	$2,637

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,210	$178,155	0.68%	D
3BR	$1,620	$282,053	0.57%	F
4BR	$1,790	$370,242	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

14,230

Median Household Income

$58,138

Housing Units

6,331

Renter Percentage

26.8%

Occupancy Rate

89.6%

Renter Occupied

1,521

In ZIP code 75773 in Mineola, TX, there are notable risks associated with investing in Section 8 properties. Tenant turnover is a significant concern, especially considering the market rent stands at $785 compared to the Fair Market Rent (FMR) of $1020 for FY 2024. This disparity suggests that tenants may find it difficult to maintain housing stability, leading to higher turnover rates. Additionally, the vacancy exposure is heightened due to the lack of available data on days on market (DOM), which indicates uncertainty in how quickly rental units can be filled. The deferred maintenance risk is also substantial, given the typical home value of $266,698 and a median income of $58,138. These figures suggest that residents might struggle to afford necessary repairs and maintenance, potentially leaving properties in need of significant upkeep.

Tenant Turnover: The difference between market rent and FMR implies that tenants might frequently move, affecting long-term occupancy and increasing administrative burdens.
Vacancy Exposure: Without specific DOM data, landlords face an increased risk of prolonged vacancies, which can significantly impact cash flow.
Deferred Maintenance: With a median income much lower than the typical home value, tenants may not have the financial means to cover maintenance costs, leading to potential property degradation.

However, these risks must be weighed against the high renter share of 26.8%. A dense rental market typically translates into higher demand for Section 8 vouchers, which can stabilize occupancy rates and provide a steady stream of tenants. Despite the challenges, the strong rental demand offers a counterbalance to the risks posed by turnover, vacancy, and maintenance issues.

Verdict: Moderate risk for a first-time Section 8 landlord.

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.