Location: Longview, TX | Metro: Longview, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
The ZIP code 75606 in Longview, TX, stands out due to a lack of comprehensive demographic data, including resident count, percentage of renters, median income, and median home value. This scarcity of information can make it challenging to fully assess the economic landscape and housing trends within the area.
However, the voucher economics provide a clearer picture. The Fair Market Rent (FMR) for ZIP 75606 for fiscal year 2024 is set at $1100. This figure serves as a benchmark for rental assistance programs and indicates the maximum rent that a landlord can charge for a unit to be considered affordable under the Section 8 program. In comparison, the specific market rent figures for the area remain unspecified, which could imply that the local rental market either closely aligns with the FMR or lacks sufficient data to determine a reliable average.
Landlords and small-portfolio investors should consider the FMR as a guideline for setting competitive rents that attract tenants receiving Section 8 vouchers. While the absence of detailed market rent data might pose some uncertainty, aligning with the FMR ensures compliance with federal guidelines and maximizes the pool of potential tenants eligible for assistance.
Given the limited data available, the economic profile of ZIP 75606 appears to be transitional rather than stable. The lack of specific figures suggests that the area might be undergoing changes that affect its housing market, such as population shifts, economic development, or other factors that could alter the demand for rental housing and the overall cost of living.
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.