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 |
A skeptical investor might question whether the Fair Market Rent (FMR) of $1,020 for ZIP 75915 (Lufkin, TX) in fiscal year 2026 will sufficiently cover the mortgage on a typical home. However, the median home value in the United States is expected to be $366,019 by March 31, 2026, according to Zillow. While we do not have the exact median home value for ZIP 75915, it is reasonable to assume that the typical home price in this ZIP code is below the national average, making the FMR more likely to cover a mortgage.
The second objection could be about the rental market demand in ZIP 75915. With only 42 single family homes for rent listed on Trulia, one might wonder if there is enough demand to support these rentals. The Realtor.com data shows that ZIP 75915 indeed supports both business and residential activity. As of 2024, there were 22 business establishments employing about 70 people with an annual payroll of $6,058,000. This suggests a stable local economy that could support rental demand, although specific occupancy rates are not available from the data provided.
The final concern might revolve around whether housing vouchers will keep pace with market rents in ZIP 75915. Unfortunately, the data does not provide specific figures for voucher amounts or their growth rates in this ZIP code. However, given the FMR of $1,020, it is crucial for landlords to monitor local housing authority announcements and adjust their rental strategies accordingly. If the voucher amounts are significantly lower than the FMR, landlords might need to consider alternative tenant screening methods or diversify their rental offerings.
In summary, while the data does not provide all the answers, it indicates that the FMR of $1,020 is likely sufficient to cover mortgages on homes in ZIP 75915, given the probable lower-than-national-average home values. Additionally, the local economy appears stable, which should sustain some level of rental demand. However, the precise relationship between housing vouchers and market rents remains unclear without more specific data.
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.