Location: Marion County, 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 | $940 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,520 | $192,192 | 0.79% | D |
U.S. Census Bureau data (2024)
The ZIP code 75683 is situated in a suburban area of Texas, characterized by a relatively small population of 3,413 residents. Only 8.8% of these residents are renters, indicating a predominantly owner-occupied community. The median household income here stands at $65,240, which is quite robust and suggests a stable economic environment. The median home value in the area is $156,560, reflecting an affordable housing market.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 75683, as determined by the Department of Housing and Urban Development (HUD) for fiscal year 2024, is set at $1,120. This figure is notably higher than the reported market rent of $813, according to the Census Bureau's American Community Survey (ACS). This discrepancy highlights a potential opportunity for landlords who can offer properties that meet the HUD standards, as they could potentially receive higher rents through Section 8 vouchers.
Given these economic factors, ZIP 75683 appears to be a suitable location for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stability of the median income and the higher FMR compared to the market rent means there is a reliable source of rental income without the need for extensive property management. On the other hand, for value-add buyers looking to renovate and improve properties to meet HUD's quality standards, the potential to command rents closer to the FMR provides a clear path to increased profitability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.