Location: Wood County, TX | Metro: Longview, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 75451 reveals several key points for landlords and small-portfolio investors considering investment in this area.
The rent math does not work favorably due to the lack of market rent data. The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $910. Without a comparison to actual market rents, it's challenging to assess if this figure is realistic or overvalued. However, it suggests that any rental property should aim to charge around $910 to be competitive within federally supported housing programs.
Acquisition in ZIP 75451 is relatively affordable given the median home value of $250,255. Although there isn't specific data on the days on market (DOM) or the percentage of homes needing price cuts, the median value indicates a lower barrier to entry compared to many other areas in Texas. This makes it easier for investors to purchase properties without requiring large capital outlays.
Tenant demand is low in ZIP 75451. With a total population of 1,156 and only 3.6% of residents being renters, the pool of potential tenants is quite limited. This could make it difficult to find and retain tenants, especially if they are seeking federal assistance through Section 8 vouchers.
Verdict: Investment in ZIP 75451 is not advisable due to the limited tenant demand and the uncertainty surrounding market rent figures. While the median home value offers an affordable entry point, the low renter share poses significant challenges for maintaining occupancy and achieving stable returns. Landlords and investors should seek areas with higher renter populations to ensure a steady stream of potential tenants and better financial performance.
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.