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 | $1,040 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,620 | $292,550 | 0.55% | F |
| 4BR | $1,720 | $423,239 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 75645 presents a dynamic rental market that is currently experiencing a delicate balance between supply and demand. The Fair Market Rent (FMR) for the area is set at $1260 for the fiscal year 2024, which is notably higher than the Census-reported average market rent of $1,055. This suggests that while there is some upward pressure on rents, landlords may need to offer competitive pricing to attract tenants.
The low price-cut share of 0.2% indicates that most properties are likely being listed at or near their initial asking prices, suggesting strong demand relative to supply. However, the absence of data regarding days on market (DOM) makes it challenging to definitively conclude whether this balance tilts towards a shortage or surplus of rental units. In a market where the supply slightly exceeds demand, we would typically see a higher percentage of price cuts and longer DOM periods as landlords adjust to find tenants.
The median home value of $271,006 provides context for the overall economic landscape of the area, indicating a middle-class neighborhood with moderate property values. This can influence both the rental market and the types of investments that might be attractive to small-portfolio investors.
A key indicator of long-term housing pressure is the 14.9% renter share. This relatively low figure implies that a significant portion of the population prefers homeownership over renting. Consequently, the rental market in ZIP 75645 is likely to face persistent pressure due to limited inventory, making it a potentially lucrative investment opportunity for those willing to cater to the rental segment.
The interplay between these factors—rental prices, homeowner preference, and the slight premium of FMR over market rent—points to a market where demand is robust but not overwhelming, providing a stable yet competitive environment for landlords and investors. The challenge lies in maintaining occupancy rates through strategic pricing and property management, given the strong inclination towards homeownership among residents.
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.