Location: Wood 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 | $920 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,450 | $231,898 | 0.63% | D |
U.S. Census Bureau data (2024)
The ZIP code 75755 stands out within its county due to its unique demographic and economic characteristics. With a population of 5,244 residents, it has a rental rate of 21.0%, which is relatively low compared to other urban areas. The median income in this area is $73,402, indicating a middle-class community. The median home value of $217,296 suggests that homeownership is attainable but not without significant financial commitment.
The Federal Market Rent (FMR) for ZIP 75755 is set at $1020 for fiscal year 2024, while the actual market rent based on Census ACS data is $897. This discrepancy means that landlords participating in the Section 8 program can potentially charge higher rents than the current market average, making it an attractive option for those looking to stabilize their tenant base with government-backed assistance. However, it also implies that tenants might find the FMR rates slightly above what they would typically pay in the open market, which could affect demand.
Landlords and small-portfolio investors should consider the following when evaluating the potential of ZIP 75755 for Section 8 participation:
Based on the data signature, ZIP 75755 appears to be a stable market. The combination of moderate property values, reasonable market rents, and a middle-income population creates an environment where Section 8 vouchers can serve as a reliable tool for maintaining occupancy levels and securing steady rental income. Landlords should prepare for a scenario where the demand for Section 8 units may be slightly lower than in areas with higher rental rates, but the stability offered by the program's income guarantees can outweigh this consideration.
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.