Location: DeWitt County, 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 78164 stands out with a population of 2,927 residents, where only 12.8% are renters. The median income here is relatively high at $67,578, and the median home value is even higher at $222,210. This indicates a community that is primarily owner-occupied and financially stable.
Moving into the specifics of Section 8 housing, the Fair Market Rent (FMR) for ZIP 78164 in fiscal year 2024 is set at $1070. In contrast, the Census ACS reports the market rent at $870. This $200 difference highlights a potential opportunity for landlords to receive above-market rents through Section 8 vouchers, thereby making participation in the program financially viable despite the low rental rate.
The data signature of ZIP 78164 suggests a stable environment. With a majority of the population owning homes and a significant gap between the market rent and the FMR, landlords can expect steady demand from tenants who benefit from the higher voucher amounts. This stability is crucial for small-portfolio investors looking to minimize risk and ensure consistent cash flow.
For landlords considering Section 8 participation, the numbers indicate a favorable scenario. The higher FMR compared to the actual market rent means that properties could be rented at rates that exceed the typical market conditions, providing an incentive to accept vouchers. Given the financial health of the area's residents, there is also a strong likelihood of timely rent payments and responsible tenancy.
In conclusion, ZIP 78164 presents a stable investment climate for those interested in Section 8 housing. The combination of high median income and home values, coupled with the advantageous FMR, supports a secure and profitable rental market for landlords willing to engage with the program.
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.