Location: Anderson County, TX | Metro: Anderson County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 75884 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment is set at $1,120 per month for the fiscal year 2026. This figure is specifically tailored for this ZIP code, reflecting local housing conditions and costs.
When a tenant uses a Section 8 voucher to rent a two-bedroom unit, they are responsible for paying 30% of their adjusted income towards rent. The remaining amount up to the SAFMR is covered by the government, but it's important to note that the reimbursement is not guaranteed to reach the full SAFMR amount. Instead, it is based on the lower of the tenant’s rent plus utilities or the SAFMR.
To illustrate, let's assume a tenant has an adjusted monthly income of $1,000. They would pay 30% of this, which amounts to $300. If the total rent plus utilities for the unit is $1,120, the government would cover the difference, which is $820. Therefore, the landlord would receive a total of $1,120 ($300 from the tenant and $820 from the government).
However, if the total rent plus utilities exceeds the SAFMR, the government will only reimburse up to $1,120. For example, if the rent plus utilities is $1,200, the government would still only pay $820, leaving the landlord to absorb the $80 shortfall. Conversely, if the total cost is less than $1,120, say $1,050, the landlord would receive the full $1,050, with no surplus since the reimbursement is capped at the SAFMR.
In ZIP 75884, the SAFMR serves as a critical benchmark for landlords. It ensures that rents are affordable for low-income families while providing landlords with a predictable income stream. However, it also means that landlords must be cautious about setting rents too high, as doing so could result in a reimbursement gap.
The typical reimbursement gap or surplus for a two-bedroom unit in ZIP 75884, given the SAFMR of $1,120, depends on the actual rent charged and the tenant's contribution. Landlords should aim to keep the total rent and utilities close to the SAFMR to avoid financial shortfalls. In summary, landlords can expect a stable but fixed maximum reimbursement of $1,120 for a two-bedroom unit, necessitating careful management of rent pricing and utility allowances to maximize profitability without exceeding the SAFMR.
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.