Section 8 Fair Market Rent (FMR) for ZIP 78332 - 2027

Location: Jim Wells County, TX | Metro: Duval County, TX

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$790
1 Bedroom$800
2 Bedrooms$1,040
3 Bedrooms$1,360
4 Bedrooms$1,500
5 Bedrooms$1,740
6 Bedrooms$1,949
7 Bedrooms$2,105
8 Bedrooms$2,210

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
27,042
Median Household Income
$49,887
Housing Units
10,758
Renter Percentage
34.8%
Occupancy Rate
83.2%
Renter Occupied
3,110

The ZIP code 78332, located in Alice, TX, offers an interesting balance between yield and stability for real estate investments. With a Fair Market Rent (FMR) of $1,000 for the fiscal year 2026, it slightly exceeds the market rent of $947, indicating a positive yield potential. Additionally, the median home value stands at $133,827, which is higher than the average home value of $129,924 reported by Zillow for the same area.

Stability is a key factor for investors looking for steady cash flow. In ZIP 78332, 34.8% of residents are renters, suggesting a moderate level of demand for rental properties. However, the lack of data on the average number of days on the market (DOM) indicates some uncertainty regarding the speed at which properties are typically rented out. Despite this gap, the median household income of $49,887 provides a reasonable basis for assessing the ability of tenants to pay rent consistently.

The recent trends in the 78332 housing market further support the classification of this area as a steady-cashflow zone. According to Redfin, there were 12 homes sold in March 2026, down from 15 in the previous year. This slight decrease in sales volume does not necessarily indicate instability but rather a potentially more selective buyer pool. The median sales price of $169,590, as reported by RealtyTrac, aligns closely with the home value figures, reinforcing the notion of a stable market.

In conclusion, ZIP 78332 presents itself as a steady-cashflow zone due to its moderate yield potential and reasonable stability factors. The slightly higher FMR compared to market rent and the consistent median home values suggest that this area is suitable for investors seeking reliable returns without the risks associated with high-yield, low-stability markets.

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.