Location: Refugio County, TX | Metro: Refugio County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
U.S. Census Bureau data (2024)
The ZIP code 78340 is situated in a suburban neighborhood characterized by a relatively small population of 455 residents. With only 6.7% of the residents being renters, it indicates a predominantly owner-occupied area. The median household income stands at $54,000, suggesting a middle-class community where financial stability is a common trait among its inhabitants.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 78340, as of the metro fiscal year 2026, is set at $1,460. This figure contrasts with the actual market rent reported by the Census Bureau's American Community Survey (ACS), which is $1,875. This discrepancy highlights a potential gap between government-subsidized housing values and the true market rates, indicating opportunities for both hands-off and hands-on investors.
For a hands-off voucher operator, ZIP 78340 could be an attractive location due to the lower percentage of renters and the established middle-income base. However, the difference between the FMR and market rents means that landlords relying solely on Section 8 vouchers might need to manage expectations regarding rental income levels.
A hands-on value-add buyer, on the other hand, could find significant opportunities in this ZIP code. By improving property conditions or adding amenities, investors can potentially command higher rents closer to the market rate of $1,875, thereby increasing their profitability beyond what the FMR allows.
In conclusion, ZIP 78340 presents a balanced environment for Section 8 investment, suitable for both passive and active strategies. The key lies in understanding the local market dynamics and leveraging the right approach based on whether one aims for steady, government-backed income or seeks to maximize returns through property enhancement and management.
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.