Location: Polk County, TX | Metro: Polk County, TX
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $110,158 | 0.92% | C |
| 3BR | $1,220 | $198,201 | 0.62% | D |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) set at $970 for the metro area in fiscal year 2026, landlords in ZIP code 75939, Corrigan, TX, can expect a significant gap between the actual market rent of $665, based on Census ACS data. This discrepancy presents an opportunity for landlords to potentially increase their rental income by aligning rents closer to the FMR without alienating tenants. The median home value stands at $148,221, indicating a moderate housing market where properties are neither excessively overvalued nor undervalued. With 31.1% of the population being renters, there is a substantial demand for rental properties, which could be leveraged by small-portfolio investors looking to expand their holdings. The median income of $46,014 suggests that while the local economy supports a decent standard of living, it also means that many residents will look for affordable housing options, making the current market rent attractive to potential tenants.
The lack of data regarding days on market (DOM) and the percentage of homes that have had their prices cut indicates a stable market with little fluctuation. This stability is beneficial for investors who prefer less risk and more predictable returns. Given the specific numbers from ZIP 75939, the Section 8 program, which provides rental assistance to low-income families, is a viable option for landlords. The program's payment standards are aligned with the $970 FMR, ensuring that landlords receive fair compensation for their properties. Moreover, the high renter share and moderate median income support the idea that many residents would qualify for Section 8 assistance, leading to a steady stream of tenants. In conclusion, the combination of a moderate median home value, a reasonable market rent, and a significant portion of the population seeking rental housing makes ZIP 75939 a suitable location for Section 8 participation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.