Location: Nacogdoches County, TX | Metro: Nacogdoches County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
The analysis for ZIP code 75958 in Unknown, TX, reveals incomplete data, which complicates a precise cap-rate calculation. However, we can still derive a rough picture based on the available information.
The Fair Market Rent (FMR) for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $1,070 per month. This translates to an annualized rental income of $12,840 for a two-bedroom property under the Section 8 program. Given that the median home value for this ZIP code is not available, we cannot directly calculate the implied gross yield for properties participating in Section 8. However, assuming a typical home value in this area, the gross yield would be significantly lower than what market conditions might offer.
Market rent figures for ZIP 75958 are also unavailable, making it impossible to provide a direct comparison. Nonetheless, the absence of market rent data suggests either limited data availability or a potentially less active rental market in the area. In such a scenario, the implied gross yield would likely be higher than the Section 8 scenario, but without specific figures, this remains speculative.
The renter density and days on market (DOM) data are also missing, which are critical factors in determining the realism of these scenarios. Renter density indicates the proportion of residents who rent rather than own, while DOM reflects how quickly rentals are filled. Both metrics are essential for understanding the local rental market dynamics.
In conclusion, based on the available data, the annualized rental income from Section 8 is $12,840 for a two-bedroom unit. Without market rent and median home value data, a precise comparison of gross yields cannot be made. However, it is reasonable to infer that market rents would typically offer a higher gross yield compared to Section 8 rates, assuming a similar home value. The lack of detailed market data makes it difficult to assess which scenario is more realistic for ZIP 75958.
Data Sources: FMR data from HUD (2027).
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.