Location: Medina County, TX | Metro: Medina County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
U.S. Census Bureau data (2024)
The ZIP code 78066 stands out due to its unique demographic and economic characteristics. With only 259 residents, it has an extremely low rental rate of 0.0%, indicating that virtually no one in this area rents their residence. The median income for residents is $87,604, which is relatively high compared to national averages, and the median home value is $431,701, reflecting a strong property market.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 78066 in fiscal year 2024 is set at $1470. However, there is no available data on the market rent for this area, suggesting a lack of rental properties or a very limited rental market. This absence of market rent data further emphasizes the predominantly owner-occupied nature of the housing in ZIP 78066.
The data signature for ZIP 78066 reads as stable. Given the high median income and median home value, combined with the near-zero rental rate, it indicates a settled community with little inclination towards renting. Landlords and small-portfolio investors should consider these factors carefully before investing in this area, as the demand for rental units is likely to be minimal. The high FMR suggests that any rental properties could potentially command higher rents, but the scarcity of such units means that the opportunity for leveraging Section 8 vouchers is limited.
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.