Location: Nacogdoches County, TX | Metro: Nacogdoches County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 75788 presents a unique challenge for both renters and landlords due to limited data on median income and market rate rents. However, with a total population of just 48 residents and an indicated 0.0% of them being renters, it becomes clear that the rental market in this area is extremely sparse. This suggests that there is minimal competition among landlords for tenants, which could be seen as a positive aspect for those already operating in the area.
Despite the lack of specific median income and market rate rent figures, the Federal Market Rent (FMR) for ZIP 75788 has been set at $1,070 for the fiscal year 2026. This figure represents the maximum amount that a Section 8 voucher holder can pay towards their rent. In comparison to the unknown market rate, if the actual market rate were higher than $1,070, then voucher holders would not be able to afford market-rate rentals without additional financial support, creating a significant affordability gap.
The low number of renters implies that landlords might struggle to find tenants willing to pay the full market rate, especially if it exceeds the FMR. Therefore, landlords must consider the benefits and drawbacks of accepting Section 8 vouchers versus relying on cash-paying tenants. Accepting vouchers guarantees a steady stream of income, albeit at a fixed rate, while potentially reducing vacancy rates. On the other hand, cash-paying tenants might offer higher rents, but the risk of vacancy is greater given the limited pool of potential renters.
Takeaway for Landlords: Given the small population and lack of renters, landlords should weigh the advantages of having guaranteed tenants through Section 8 vouchers against the possibility of securing higher rents from cash-paying individuals. The decision should factor in the local market dynamics and the likelihood of finding non-voucher paying tenants willing to meet the market rate, which remains uncertain without concrete data.
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.