Location: Cherokee County, TX | Metro: Angelina County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 75969 presents several challenges for landlords considering participation in the Section 8 program. First, tenant turnover could be an issue due to the discrepancy between the market rent and the Fair Market Rent (FMR) set by HUD. The market rent stands at $1,120, whereas the FMR for the fiscal year 2026 is only $1,060. This difference might lead to higher tenant churn as some may find it difficult to meet the market rates, especially if they are relying on vouchers.
Vacancy exposure is another concern. The days on market (DOM) data is currently unavailable, which makes it hard to predict how long a property might remain vacant between tenants. In areas where competition for rentals is fierce, extended vacancies can significantly impact cash flow.
The deferred-maintenance exposure is also noteworthy. With a typical home value of $224,581 and a median income of $84,063, there is a risk that homeowners may struggle to keep up with necessary repairs and maintenance, particularly if their income does not cover the costs associated with maintaining a property at that value level.
However, these risks must be weighed against the high renter density in the area. The renter share is 19.3%, indicating a robust demand for rental properties. High renter density often translates into a greater number of individuals seeking housing assistance through vouchers, potentially stabilizing occupancy rates and reducing the financial burden on landlords.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 75969 is moderate. While there are significant challenges related to tenant turnover and potential vacancy periods, the high concentration of renters suggests a strong market for subsidized housing, which can mitigate some of these risks.
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.