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 |
ZIP code 75663 in Unknown, TX, lacks comprehensive demographic data, including population size, percentage of renters, and median household income. This scarcity of information makes it challenging to definitively classify the area as either renter-heavy or homeowner-dominated. However, the absence of detailed statistics on homeownership suggests that there could be a significant number of renters in the area, potentially creating a strong demand for Section 8 vouchers.
The connection between income levels and market rents is also unclear due to the lack of specific data points. Nevertheless, understanding the typical rent in relation to the Fair Market Rent (FMR) can provide some insight. The FMR for ZIP 75663 is set at $1100 for FY 2024. Assuming market rents align closely with FMRs, a landlord in this ZIP code would likely encounter tenants spending a substantial portion of their income on housing. Without concrete figures on median income, it's reasonable to infer that rent constitutes a significant expense for most residents.
To paint a clearer picture, landlords should expect tenants who rely heavily on rental assistance programs such as Section 8. These tenants will have limited income and will require properties that meet the HUD standards for quality and affordability. Landlords must be prepared to navigate the administrative requirements associated with accepting Section 8 tenants, including regular inspections and rent certification processes.
Given the incomplete data, it is advisable for landlords to conduct further research into local rental trends and income levels to better understand the tenant pool. Engaging with local housing authorities and property management associations can provide additional insights into the specific needs and characteristics of potential Section 8 tenants in ZIP 75663.
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.