Location: Frio County, TX | Metro: Medina County, 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 | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $178,532 | 0.6% | D |
| 3BR | $1,430 | $264,841 | 0.54% | F |
| 4BR | $1,450 | $355,766 | 0.41% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) set at $980 for ZIP code 78016 in Devine, TX, for fiscal year 2024, landlords can expect to meet the income requirements of their tenants. The market rent, according to Census ACS data, stands at $732, indicating that properties priced at the FMR level are slightly above average but still within reach for many residents. Given the median home value of $245,399, it's clear that the area offers affordable housing options for both buyers and renters. The renter share of 18.4% suggests that while a significant portion of the population rents, there is also a substantial group of homeowners, which could influence property values and demand. With a median income of $60,736, tenants should find it feasible to afford the $980 FMR, assuming they allocate a reasonable portion of their income towards rent. Despite the lack of data on days on market (DOM), the low price-cut share of 0.2% indicates that homes in this area are generally selling at or near their asking price, a positive sign for investors looking to enter the market. This stability, combined with the affordability of rents relative to incomes, makes ZIP 78016 an attractive investment opportunity for Section 8 landlords and small-portfolio investors. The verdict on Section 8 eligibility in Devine, TX, is a strong yes, given the alignment between market rents and the FMR, coupled with the financial capacity of the local population.
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.