Location: Shelby County, TX | Metro: Panola County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
56,600 residents in ZIP 75954 earn a median income of $56,600 annually, indicating a moderate economic base that supports rental activity. 211,437 homes in this area have a median value of $211,437, suggesting a stable housing market with reasonable investment potential. 26.1 percent of the population are renters, highlighting a significant demand for rental properties. 779 is the average market rent based on Census ACS data, which is notably lower than the Fair Market Rent (FMR) of $970 set for the metro area in fiscal year 2026. This discrepancy implies that landlords can potentially increase rents without deterring tenants significantly. However, due to the lack of specific data on days on market (DOM) and the percentage of price-cut share, it's challenging to assess the speed at which properties sell and the frequency of price reductions. Nonetheless, the combination of a moderate median income, a substantial renter share, and a higher FMR compared to the actual market rent suggests a favorable environment for landlords and small-portfolio investors. The higher FMR also indicates that Section 8 vouchers could cover a significant portion of the rent, making properties attractive to both voucher holders and landlords. In conclusion, given the supportive economic conditions and the potential for higher rents, ZIP 75954 presents a positive outlook for Section 8 investments.
Section 8 verdict: ZIP 75954 is a viable option for Section 8 investments.
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.