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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,620 | $284,266 | 0.57% | F |
U.S. Census Bureau data (2024)
ZIP code 75792, located within the Tyler, TX MSA, presents an interesting mix of characteristics that set it apart from other ZIP codes in the area. The Fair Market Rent (FMR) for ZIP 75792 is $1,360 for fiscal year 2024, which is notably higher than the market rent of $1,078. This suggests that landlords in 75792 can expect a higher rent subsidy when participating in the Section 8 program compared to what tenants might pay on the open market.
The median home value in 75792 stands at $229,276, which is likely in line with or slightly above the average home values found across the Tyler, TX MSA. However, the key factor here is the 15.0% renter share, indicating that a significant portion of the residents in this ZIP code rely on rental housing. This percentage is indicative of a neighborhood that could be considered a mid-tier option within the metro, given the balance between home values and renter share.
To determine if 75792 is a value pocket, a mid-tier neighborhood, or a premium sub-market, we must consider the interplay between its FMR, market rent, and home values. The fact that the FMR is higher than the market rent, combined with the relatively moderate home values and substantial renter share, points towards 75792 being a value pocket for Section 8 landlords. This is because the higher subsidy relative to the actual market rent can make up for lower-than-premium property values, offering a good opportunity for investment.
However, it's important to note that while the renter share is notable, it doesn't necessarily indicate that all renters are Section 8 participants. The presence of a higher-than-average renter share with below-metro home values can signal potential areas where Section 8 participation is more common, but this would require further investigation into the local rental market dynamics.
In summary, ZIP 75792 appears to be a value pocket within the Tyler, TX MSA for those interested in Section 8 properties, due to the favorable subsidy-to-market-rent ratio and the balance it strikes between home values and renter share. Landlords should take advantage of the higher subsidies while considering the overall economic profile of the neighborhood.
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.