Location: Victoria, TX | Metro: Victoria, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 78107 stands out due to its small resident population of just 254 individuals, with a notable 24.7% renting their homes. Despite the scarcity of data—median income and median home value are currently unavailable—the Federal Market Rent (FMR) for a one-bedroom apartment in ZIP 78107 for fiscal year 2024 is set at $1280. This figure is crucial for understanding the rental dynamics within the area, particularly for landlords and small-portfolio investors who participate in the Section 8 housing choice voucher program.
The voucher economics in ZIP 78107 are defined by the $1280 FMR, which serves as the benchmark for rental assistance payments. Given the lack of specific market rent data, it's important to note that the FMR can provide a guideline for setting reasonable rents that align with federal standards. Landlords should ensure their rental prices do not exceed the FMR to remain competitive and attractive to tenants with vouchers.
Considering the limited dataset available for ZIP 78107, it's challenging to make definitive claims about the stability or transitional nature of the area. However, the low number of residents and the percentage of renters suggest a niche market. The absence of median income and home value data indicates either a lack of sufficient data points or an evolving community structure. Therefore, the ZIP code appears to be in a transitional phase, where changes could impact both the rental market and the effectiveness of Section 8 vouchers.
To summarize, ZIP 78107 is characterized by a small population and a significant portion of renters, with the FMR playing a pivotal role in guiding rental prices. The transitional nature of the ZIP code means that landlords and investors should stay informed about local economic trends and adjust their strategies accordingly.
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.