Section 8 Fair Market Rent (FMR) for ZIP 75933 - 2027
Location: Newton County, TX | Metro: Jasper County, TX
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $770 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$25,996
To decide whether you should invest in ZIP code 75933 for Section 8 properties, follow this decision tree:
- Does FMR $970 (metro FY 2026) clear debt service on a $130,273 property?
- Yes: The Fair Market Rent (FMR) of $970 is sufficient to cover the debt service on a property valued at $130,273. This means that if you can secure a tenant under the Section 8 program, you will receive enough rental income to meet your mortgage obligations.
- No: The FMR of $970 does not clear the debt service on a property worth $130,273. You would need to either find a less expensive property or consider other sources of income to ensure financial stability.
- Is market rent N/A (N/A) above, at, or below FMR?
- Above FMR: If the market rent exceeds the FMR of $970, then you can potentially earn additional income from non-Section 8 tenants. However, this also means that Section 8 tenants might find it difficult to afford the higher market rates, reducing your potential pool of eligible tenants.
- At FMR: If the market rent matches the FMR of $970, then Section 8 tenants can afford the rent without any extra burden. This scenario creates a balanced market where both Section 8 and private tenants can be accommodated.
- Below FMR: If the market rent is below the FMR of $970, then you will be able to attract more tenants, including those on Section 8, since the rents are lower than what the government deems fair. This could increase demand but might also reduce your overall income compared to FMR.
- Are 6.3% renters + N/A-day DOM enough demand?
- It depends: With only 6.3% of the population being renters, the demand for rental properties in ZIP 75933 is relatively low. The Days on Market (DOM) is not available, which makes it challenging to assess how quickly properties are rented out. However, the presence of Section 8 can stabilize occupancy rates. If the competition among landlords is low and the vacancy rate is acceptable, then the demand might still be viable. Otherwise, the low percentage of renters and unknown DOM suggest caution before investing.
In summary, if the FMR of $970 covers the debt service on a $130,273 property and the market rent aligns with or is below this amount, then investing in ZIP 75933 for Section 8 properties is feasible. However, given the low percentage of renters, it is crucial to evaluate the local market dynamics carefully to determine if there is sufficient demand to justify the investment.
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.