Location: Real County, TX | Metro: Kerr County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 78024 is set for continued stability and potential growth over the next 12 to 24 months, based on the current median home value of $559,194. This figure, coupled with the fact that 0% of listings have been reduced, suggests strong seller's market conditions where pricing power remains firmly in the hands of homeowners. The median days on market (DOM) being listed as N/A indicates either a very tight market where homes sell quickly, or that there is insufficient data to provide an accurate measure. Both scenarios point to a robust demand for housing in the area.
On the rental side, the Forward Moving Rent (FMR) for ZIP 78024 is projected at $1,030 for the fiscal year 2026, which is notably higher than the current market rent of $954 according to the Census ACS. This upward trend in expected rents signals a positive outlook for landlords and small-portfolio investors who can leverage rising rents to improve their cash flow and investment returns. However, it also suggests that tenants might face increasing pressure to find affordable housing, potentially affecting vacancy rates and tenant retention strategies.
For long-term investors, the setup implies a realistic appreciation thesis. With the median home value holding steady and the projected increase in rents, property values are likely to follow suit. The gap between the current market rent and the anticipated FMR indicates a growing market, where appreciation is driven by rising demand and limited supply. Landlords and investors should expect to see gradual increases in property values, aligning with the broader economic trends and the specific dynamics of ZIP 78024.
However, it is important to note that appreciation is not guaranteed and depends on various factors including local economic conditions, employment rates, and population growth. Nonetheless, the current data points towards a favorable environment for maintaining and potentially increasing property values, providing a solid foundation for long-term investments.
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.