Location: Corpus Christi, TX | Metro: Corpus Christi, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The ZIP code 78339 in Corpus Christi, TX, represents an intriguing opportunity within a Section 8 portfolio strategy, primarily functioning as a cash-flow anchor. The Family Monthly Rent (FMR) for this area in fiscal year 2024 is set at $1150, which, due to the lack of market rate data, suggests that properties here can reliably generate steady rental income under the Section 8 program.
A cash-flow anchor is essential for any investment portfolio as it provides consistent, predictable returns. In ZIP 78339, the $1150 FMR ensures that landlords receive a fixed amount of rent, backed by the federal government. This removes the volatility associated with market-rate rentals and guarantees a stable income stream, even when market conditions fluctuate.
Moreover, the median income in ZIP 78339 is $94,444, indicating a moderate economic environment where the majority of residents are likely to qualify for Section 8 assistance without placing excessive strain on their finances. This makes the ZIP code an attractive option for landlords looking to secure long-term tenants who are less likely to default on rent payments.
While there is limited data on appreciation potential and diversification factors such as the percentage of renters and days on market (DOM), the high renter share of 62.3% supports the idea that this ZIP code can also serve as a diversifier within a larger portfolio. However, given the robustness of the cash-flow anchor argument, it stands out as the most compelling rationale for including 78339 in a Section 8-focused investment strategy.
In conclusion, ZIP 78339 offers a reliable base for generating consistent cash flow through its participation in the Section 8 program, making it a valuable addition to a landlord's or small-portfolio investor's strategy.
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.