Location: Laredo, TX | Metro: Laredo, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The market in ZIP 78044 is currently characterized by a fixed Fair Market Rent (FMR) of $1090 for the fiscal year 2024. This figure, set by HUD, reflects the rental market's baseline for affordability and eligibility under the Section 8 program. Despite the lack of available market rent data, the absence of a percentage for price-cut share and days on market (DOM) suggests a stable market without significant fluctuations in pricing or inventory turnover.
A median home value that is not provided indicates that there might be limited sales activity or data availability in the area. However, the 0.0% renter share statistic is particularly noteworthy. It implies that virtually all residents in ZIP 78044 are homeowners, which could indicate a long-term trend of housing stability and ownership. This high level of homeownership can reduce immediate demand for rentals but also points to potential long-term pressures if the population grows or existing homeowners seek to move.
The dynamics of ZIP 78044 suggest a market where demand for affordable rentals is met by the FMR benchmark, but with minimal insight into the broader rental market conditions due to the lack of specific market rent and DOM figures. The dominance of homeownership could signal a community that values long-term investment in property over transient rental arrangements, which could affect the types of properties that are attractive to investors.
Landlords and small-portfolio investors should consider these factors when evaluating opportunities in ZIP 78044. The fixed FMR provides a clear guideline for setting rents that meet the needs of low-income households, ensuring compliance with Section 8 requirements. However, the absence of renters might mean that there are fewer immediate opportunities for rental properties, unless there is a growing need for affordable housing that has yet to be addressed by the current homeownership-focused landscape.
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.