Location: Tyler County, TX | Metro: Tyler County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
ZIP code 77624, located within the Tyler County, TX metro area, presents an interesting case when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 77624 stands at $1,040 for fiscal year 2026, which closely aligns with the market rent figure of $1,052. This indicates that the rental market in 77624 is fairly consistent with the broader metro trends.
The renter share in ZIP 77624 is 9.7%, which is notably higher than the average for many other ZIP codes in Tyler County. However, it's important to note that the home value for ZIP 77624 is listed as N/A, suggesting that there might be limited data on home values, or it could indicate a predominantly rental-focused area.
Given the alignment of FMR and market rent figures, along with the higher-than-average renter share, ZIP 77624 can be inferred to be a value pocket within the Tyler County, TX metro. Landlords and small-portfolio investors should take note of the higher renter share as it suggests a strong demand for rental properties, which is favorable for those looking to capitalize on the rental market.
The similarity between the FMR and market rent also points towards a stable rental environment where government subsidies through programs such as Section 8 could effectively support tenants without significant gaps between what is subsidized and what is charged on the market. This stability makes it easier for landlords to predict income and manage their properties within the constraints of Section 8 guidelines.
In conclusion, while the data does not provide a comprehensive picture of home values, the high renter share combined with stable rental prices positions ZIP 77624 as a promising value pocket for investors interested in the rental market within Tyler County, TX.
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.