Location: Leon County, TX | Metro: Freestone County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 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 75855 presents a dynamic rental market with strong implications for both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $970 for fiscal year 2026, indicating a steady upward trend in rental values. However, the current market rent, as reported by the Census ACS, stands at $830. This discrepancy suggests that while the FMR is guiding higher rents, the actual market may be experiencing some resistance, possibly due to a balance between supply and demand.
The median home value in ZIP 75855 is $288,375, which is a critical figure for understanding the overall economic landscape. While specific percentages for price-cut share and days on market (DOM) are not available, the lower-than-FMR market rent could imply a slight oversupply of rental units or competitive pricing strategies among landlords.
A noteworthy statistic is the 21.6% renter share. This percentage is indicative of a significant portion of the population preferring or needing to rent rather than own their homes. In markets with a high renter share, there is often sustained long-term housing pressure as renters continue to seek accommodation, making rental properties an attractive investment. Landlords can capitalize on this by ensuring their properties meet the needs of renters, such as being well-maintained and competitively priced.
The interplay between the FMR and market rent, alongside the median home value, paints a picture of a market that is moving towards higher rents but currently faces a balanced situation. The high renter share points to ongoing demand, suggesting that landlords who can maintain quality and offer reasonable terms will likely see stable occupancy rates and potential for gradual rent increases over time.
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.