Location: Zapata County, TX | Metro: Zapata County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The market in ZIP code 78067 is currently characterized by a Fixed Monthly Rent (FMR) set at $1,000 for the fiscal year 2026, indicating a snapshot of affordability and rental pricing expectations within the broader metropolitan area. While specific data on market rent, price-cut share, days on market (DOM), and median home value are not available, the 9.3% renter share provides insight into the dynamics of housing pressure.
A lower renter share typically signals a market where homeownership is more prevalent, suggesting that there might be less immediate pressure on rental properties compared to areas with higher renter shares. However, it also implies that a significant portion of the population remains dependent on rentals, which can indicate ongoing housing challenges such as affordability issues or a lack of available homes for purchase. This dependency on rentals could be due to various factors including economic conditions, job availability, and the overall cost of living.
In a context where supply and demand are critical, the absence of specific market rent and DOM data makes it challenging to definitively state whether supply outpaces demand or vice versa. Nonetheless, the FMR figure serves as a benchmark for what is considered affordable for low-income renters, highlighting the importance of maintaining a balance between rental costs and the financial capabilities of residents.
The reliance on rental properties, even at a relatively low share, suggests that the market is experiencing a steady demand for affordable housing options. Landlords and small-portfolio investors should consider the potential for increasing demand as economic conditions evolve, particularly if homeownership becomes less accessible for a growing segment of the population. The trajectory of this market is likely influenced by broader economic trends and policy changes affecting housing affordability and availability.
To fully understand the market dynamics, further analysis of local employment rates, population growth, and housing development trends would be necessary. These factors, combined with the 9.3% renter share, paint a picture of a market in motion, where the balance between renters and homeowners is subject to change based on external influences.
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.