Location: Nacogdoches County, TX | Metro: Nacogdoches County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 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)
A household in ZIP code 75937, with a median income of $80,441, faces significant challenges in affording the market rate rent of $723. This figure comes directly from the Census ACS data. However, the situation becomes even more strained when considering the Fair Market Rent (FMR) set at $970 for the metro area in fiscal year 2026. The disparity between the median income and the rental rates highlights a notable affordability gap.
In ZIP 75937, only 19.2% of the 1,313 residents are renters. This low percentage suggests a competitive environment for landlords, as there are fewer potential tenants to fill available units. The limited number of renters means that landlords must carefully consider their pricing strategies to attract and retain tenants.
The difference between the market rate and the FMR indicates that landlords who accept Section 8 vouchers might receive higher payments than those relying solely on market-rate rents. Accepting vouchers could provide a steady stream of income, albeit with the additional administrative requirements and oversight associated with participating in the program.
However, landlords should also weigh the benefits of cash-paying tenants who might be willing to pay above the market rate but below the FMR, especially if they are looking for flexibility and fewer bureaucratic hurdles. The key takeaway is that landlords in ZIP 75937 need to balance the appeal of higher voucher payments against the potential for attracting cash-paying tenants who might offer a better fit for their properties and management preferences.
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.