Location: Newton County, TX | Metro: Newton County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The ZIP code 75932, located in Newton County, TX, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,120, while the market rent stands at $1,070. This indicates a positive spread of $50, which can provide a stable cash flow for landlords.
The median home value in ZIP 75932 is $199,817, making it a relatively affordable area for property acquisition. According to recent real estate profiles, the average home price in January 2026 was $208,121, suggesting that the area remains competitive in terms of purchase prices. This affordability allows for a higher potential return on investment, especially when considering the rental income generated by properties within the ZIP code.
Additionally, the ZIP code has a low price-cut share of 0.2%, indicating that the properties in this area are generally selling at their listed prices without significant reductions. The median income in the area is $61,161, which supports the demand for rental properties, particularly those covered under the Section 8 program.
While ZIP 75932 offers opportunities for appreciation and diversification, its primary role should be as a cash-flow anchor due to the positive spread between FMR and market rent. This spread ensures a steady stream of income, which is crucial for maintaining financial stability in a real estate portfolio.
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.