Location: Tyler, 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 | $1,000 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $127,521 | 0.95% | C |
| 3BR | $1,620 | $234,439 | 0.69% | D |
| 4BR | $1,790 | $329,476 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 75647, located in Gladewater, TX, is home to a population of 13,299 individuals. With 24.5% of residents being renters, it suggests that this area has a moderate tenant pool rather than a heavy renter concentration. However, the percentage of renters indicates there is still a significant demand for rental properties, which can be met through Section 8 housing vouchers.
The median household income in this ZIP code stands at $65,809, providing a benchmark against which rental costs can be evaluated. The typical market rent of $1,076 represents approximately 19.4% of the median income. This ratio is calculated by dividing the monthly rent by the annual median income and multiplying by 12. Given that the Fair Market Rent (FMR) for the area is set at $1,140 for FY 2024, landlords should note that their rents are slightly below the FMR, which could make their properties more attractive to tenants using vouchers.
In terms of tenant profiles, landlords in ZIP 75647 should anticipate a mix of low-income families and individuals who qualify for Section 8 assistance. These tenants will likely have a monthly voucher amount close to the FMR, enabling them to afford a standard one-bedroom apartment at $1,140 per month. Landlords must ensure their properties meet Housing Quality Standards (HQS) and that they are prepared to manage the administrative aspects associated with Section 8 tenancy.
To summarize, while ZIP 75647 is not dominated by renters, it does offer a viable market for Section 8 properties. The combination of a moderate renter population and an income level that comfortably supports market rent makes it a suitable location for landlords and small-portfolio investors interested in participating in the Section 8 program. They can expect tenants who are financially stable enough to cover their portion of the rent and are looking for quality housing options within their budget.
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.