Section 8 Fair Market Rent (FMR) for ZIP 75641 - 2027
Location: Rusk County, TX | Metro: Longview, TX HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 75641 for Section 8 investment, follow this decision tree:
- 1) Does FMR $1040 (zip FY 2024) clear debt service on your property?
- Yes: If the Fair Market Rent (FMR) of $1040 is sufficient to cover your mortgage payments and other expenses associated with the property, then proceed to the next question.
- No: If the FMR does not clear your debt service, investing in this area would be financially unwise as you will not generate enough income to sustain your investment.
- 2) Is market rent above, at, or below FMR?
- Above FMR: If the market rent exceeds the FMR, you might consider alternative investments that do not rely solely on Section 8 funding, as you can potentially earn higher returns from market-rate tenants.
- At or Below FMR: If the market rent is at or below the FMR, Section 8 investment could be a viable option as it aligns with the financial expectations of the program.
- 3) Are 44.2% renters + N/A-day Days on Market (DOM) enough demand?
- 44.2% Renters: With 44.2% of residents being renters, there is a moderate level of rental demand in the area. This percentage suggests a reasonable pool of potential tenants but may not be high enough to guarantee a steady stream of applications.
- N/A-Day DOM: The lack of specific data regarding the average number of days properties remain on the market makes it challenging to assess the speed at which properties are rented out. However, a lower DOM generally indicates higher demand.
It depends: Based on the available data, the decision to invest in ZIP 75641 for Section 8 purposes hinges on whether the FMR of $1040 is sufficient to cover your costs and the actual market rent compared to the FMR. Additionally, while there is a moderate tenant base, the absence of DOM data complicates the assessment of rental demand urgency. Ensure you conduct thorough due diligence and consider consulting local real estate experts to better understand the specifics of the market in ZIP 75641.
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.