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 | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,080 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $190,240 | 0.57% | F |
| 3BR | $1,450 | $289,699 | 0.5% | F |
U.S. Census Bureau data (2024)
ZIP code 75765, located in Hawkins, TX, within the Wood County, TX metro area, presents a unique profile compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 75765 in fiscal year 2024 is set at $1090. This figure is higher than the market rent of $888, indicating that the government's estimate for affordable housing exceeds what the local market typically charges.
The median home value in ZIP 75765 stands at $256,042, which is a significant indicator of the overall property values in the area. This figure suggests that while properties in 75765 are not inexpensive, they are also not considered premium within the broader context of Wood County.
The renter share in ZIP 75765 is 16.1%, which is relatively low but still noteworthy. A higher-than-average renter share can signal potential opportunities for landlords, particularly those interested in Section 8 housing. However, the lower market rent relative to the FMR indicates that there might be a segment of the rental market that is more affordable, possibly attracting tenants who qualify for assistance programs.
To determine whether ZIP 75765 represents a value pocket, a mid-tier neighborhood, or a premium sub-market, consider the following:
The FMR being higher than the market rent suggests that there could be an opportunity for landlords to offer Section 8-friendly properties at rates that are both attractive to tenants and profitable.
The median home value is not excessively high, placing it more towards the mid-tier range within the Wood County market. This makes it accessible to a broader range of buyers and investors.
The relatively low renter share, combined with the lower market rent, indicates that while the ZIP code is not a hotbed for renters, it does offer a niche for those interested in affordable housing options.
Based on these specific figures, ZIP 75765 appears to be a mid-tier neighborhood within the Wood County, TX metro area. It offers a balance between property values and rental rates that make it neither a premium nor a value pocket. However, the discrepancy between FMR and market rent, along with the presence of a notable renter share, points to a potential sweet spot for Section 8 housing, especially for landlords willing to work within the parameters of affordable housing programs.
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.