Location: Wood County, TX | Metro: Wood County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
ZIP code 75783, located in Quitman, Texas, stands out in Wood County due to its unique demographic and economic characteristics. With a total population of 8,263 residents, it has a relatively low rental rate of 14.9%, indicating that most of its inhabitants prefer homeownership. The median income of $59,407 suggests a middle-class community, while the median home value of $250,473 reflects a stable housing market.
Moving to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,100. This figure is slightly higher than the current market rent of $1,053, as reported by the Census Bureau's American Community Survey. This means landlords can expect a modest increase in rental income when participating in the Section 8 program compared to the local market rate.
The data signature for ZIP 75783 indicates a stable environment. The slight difference between the FMR and the market rent suggests that the housing market is unlikely to experience significant changes in the near future. Landlords and small-portfolio investors can expect steady demand for rental properties and consistent returns when participating in the Section 8 program.
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.