Location: Longview, TX | Metro: Longview, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,230 | $146,598 | 0.84% | C |
| 3BR | $1,610 | $235,279 | 0.68% | D |
| 4BR | $1,710 | $340,989 | 0.5% | F |
U.S. Census Bureau data (2024)
The dynamics of the ZIP code 75604 in Longview, TX, reveal a market in motion, characterized by the interplay between rental and ownership trends. The Fair Market Rent (FMR) for the area stands at $1100 for fiscal year 2024, while the actual market rent, as measured by Zillow's ZORI, is slightly lower at $1,026. This suggests that landlords have a slight buffer between what they charge and the benchmark set by HUD, indicating a stable but not overheated rental market.
The low price-cut share of 0.2% points to a seller's market where homes are selling close to their asking price, implying that demand for homeownership is strong relative to supply. However, the median home value of $218,826 indicates that the overall cost of owning a property remains relatively accessible compared to many other markets across the country.
A critical insight comes from the 40.3% renter share of the population. This significant proportion of renters signals ongoing long-term housing pressure. It suggests that a substantial portion of the residents prefer or require renting over buying, which could be due to various factors such as affordability, job instability, or lifestyle choices. This high renter share likely contributes to steady demand for rental properties, making it a potentially attractive market for landlords and small-portfolio investors.
The lack of day-specific data on Days on Market (DOM) prevents a direct assessment of how quickly properties are moving from listing to sale. Nonetheless, the combination of a low price-cut share and a reasonable median home value hints at a market where listings are turning into sales without much negotiation, suggesting a healthy pace of transactions.
In conclusion, ZIP 75604 presents a balanced market where rental demand is robust, and homeownership is attainable. The significant renter share underscores the importance of rental properties and the potential for continued demand, positioning this area as a viable investment opportunity for those interested in the real estate sector.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.