Location: Limestone County, TX | Metro: Freestone County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The ZIP code 75838 is characterized by a significant rental population, with 48.5% of residents being renters. This indicates that the area has a strong demand for rental properties, particularly those that cater to low-income tenants who might rely on Section 8 housing vouchers. The median household income in this ZIP code stands at $27,813, which is notably below the average for most metropolitan areas.
To understand the depth of voucher demand, it's crucial to compare the median income with the typical market rent. Unfortunately, specific market rent figures are not provided in the data. However, we can infer that given the low median income, the typical rent would likely consume a substantial portion of the monthly earnings for many residents.
The Federal Market Rent (FMR) for the area is set at $990 per month for FY 2026. This figure represents the maximum amount that a Section 8 voucher holder can receive towards their rent. Given that the median income is $27,813, or approximately $2,317 per month, the FMR of $990 would represent roughly 43% of a typical resident's monthly income. This suggests that a significant portion of local income is dedicated to housing costs, making Section 8 vouchers an essential resource for many potential tenants.
A landlord in ZIP 75838 should anticipate a tenant pool primarily composed of individuals and families who are heavily reliant on Section 8 vouchers to afford housing. These tenants will likely be seeking affordable units that do not exceed the FMR, and they may have limited financial flexibility beyond the voucher amount. It's important for landlords to be prepared for the administrative aspects of working with Section 8 vouchers, including regular inspections and compliance with HUD standards.
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.