Location: Karnes County, TX | Metro: Karnes County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The classification of ZIP code 78116 based on the provided data reveals a unique balance between yield potential and market stability. With the Fair Market Rent (FMR) set at $1,080 for the fiscal year 2026, this area stands out for its rental pricing in comparison to the absence of specific market and home value data. This suggests a higher yield opportunity, given that the rental rates are established and likely to be consistent.
On the stability axis, the data points towards a less volatile market. The reported figure of 0.0% for renters indicates a very low turnover rate, which is highly favorable for landlords and small-portfolio investors looking for steady cash flow. Additionally, the median income of $88,700 provides a strong economic foundation, supporting the ability of residents to meet their rent obligations consistently. Despite the lack of specific days-on-market (DOM) data, the combination of stable rental rates and robust income levels suggests a reliable environment for property investments.
However, the absence of market and home value data introduces an element of uncertainty. While the FMR is a solid indicator, it is typically paired with insights into home values and broader market conditions to fully assess the investment landscape. In this case, without those figures, we cannot definitively classify 78116 as either a high-yield/low-stability flip-style market or a purely steady-cashflow zone. Instead, it appears to be a market with promising yield potential, driven by the established rental rates, coupled with a high degree of stability due to the low turnover and strong local economy.
To conclude, ZIP code 78116 offers a compelling opportunity for real estate investment, particularly for those seeking a mix of yield and stability. The key figures driving this assessment are the FMR of $1,080 and the median income of $88,700, both of which point to a favorable climate for rental properties.
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.