Location: Limestone County, TX | Metro: Leon County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 75846, located in Limestone County, TX metro, presents a unique opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $1,010 for fiscal year 2026, which is notably higher than the reported market rent of $906 based on Census ACS data. This indicates that voucher tenants will generally cashflow at the FMR rate, providing a reliable source of income above typical market rates.
To further analyze the investment potential, consider the median home value in the area, which stands at $276,236. Using the HUD FMR of $1,010, we can calculate a rent-to-price ratio of approximately 0.44%, suggesting that rental income is relatively low compared to property values. However, the guaranteed income from Section 8 vouchers compensates for this discrepancy, offering a stable and predictable cash flow scenario.
The dynamics between renting and buying in ZIP 75846 do not significantly impact the investment strategy, as the data on median days on market (DOM) and the percentage of price cuts are not available. Nonetheless, the primary focus for investors should be on the cash flow benefits provided by the Section 8 program, which ensures a steady stream of rental income regardless of broader market fluctuations.
In conclusion, the strongest angle for Section 8 investors in ZIP 75846 is the consistent cash flow generated by the difference between the HUD FMR and the actual market rent, making it an attractive option for those seeking stable returns.
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.