Location: Angelina County, TX | Metro: Angelina County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
The ZIP code 75902 in Unknown, TX presents several challenges for potential Section 8 landlords. First, tenant turnover is a significant concern. The Fair Market Rent (FMR) for the area is set at $1,020 for FY 2026, which is the metro rate. However, the market rent for the area is currently unknown, leading to uncertainty about how competitive the FMR will be. If the market rent exceeds the FMR, landlords might face higher turnover rates as tenants seek more affordable options.
Vacancy exposure is another critical issue. With the days on market (DOM) being unknown, it's difficult to predict how long properties might remain vacant. This uncertainty can lead to financial strain, especially if vacancies persist longer than expected. Landlords must be prepared for potential gaps in rental income and the associated costs of maintaining an unoccupied property.
Deferred maintenance is also a risk factor. The typical home value and median income in the area are both unknown, which makes it challenging to assess the financial capacity of residents to maintain their homes. This could result in landlords having to cover unexpected repair and maintenance costs, which can quickly eat into profits and require additional capital.
Despite these risks, there are mitigating factors that make the situation more favorable. The renter share in the area is currently unknown, but generally speaking, high renter density often correlates with a higher demand for housing vouchers. This could mean a steady stream of Section 8 tenants who are financially reliable due to government subsidies, thus reducing the risk of default on rent payments.
Verdict: Moderate risk for a first-time Section 8 landlord. The lack of specific data points introduces uncertainty, particularly regarding market rents and vacancy durations. However, the potential for a high renter density could offset some of these risks, providing a stable tenant pool. Landlords should proceed with caution and be prepared for unforeseen expenses related to maintenance and repairs.
Data Sources: FMR data from HUD (2027).
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.