Location: Matagorda County, TX | Metro: Matagorda County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The market snapshot for ZIP code 77428 reveals a rental-centric environment with significant implications for housing dynamics. The Fair Market Rent (FMR) stands at $1,110 for the fiscal year 2026, indicating a stable rental pricing trend reflective of broader metro area conditions.
A notable absence in the data pertains to the specific market rent, price-cut share, days on market (DOM), and median home value, which suggests that homeownership is less prevalent compared to renting. This inference is strongly supported by the fact that the renter share is 100.0%. Such a high percentage of renters implies a sustained pressure on the rental market, driven by the lack of available homeownership opportunities. Landlords and small-portfolio investors should be aware that this dynamic creates a robust tenant base but also means competition among landlords can be fierce.
In a market where the supply of rentals is likely to match or exceed demand, maintaining occupancy rates becomes a critical focus. Investors must be vigilant in ensuring their properties offer competitive amenities and conditions to attract and retain tenants. Additionally, the complete reliance on rental housing points to an area where economic factors, such as job availability and income levels, heavily influence the ability of residents to purchase homes.
The dynamics of ZIP 77428 underscore a scenario where the rental market is the primary housing solution. This situation presents both challenges and opportunities for those looking to invest in the area. Challenges include the need to continuously adapt to tenant preferences and manage rental properties efficiently to avoid vacancies. Opportunities arise from the potential for steady cash flow and the ability to capitalize on the strong rental demand.
Data Sources: FMR data from HUD (2027). 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.