Location: Duval County, TX | Metro: Duval County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
14.3% of residents in ZIP code 78349 are renters, indicating a moderate demand for rental properties in the area. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,090, which represents the maximum allowable rent for a Section 8 voucher holder. Landlords should note that this figure is crucial for setting rental prices that align with government guidelines. Given the median income of $38,235, it's evident that many residents may rely on financial assistance such as Section 8 vouchers to afford housing. While the specific market rent and median home value are not available, the absence of these figures suggests a need for further local research to understand property pricing trends. Similarly, the lack of data on days on market (DOM) and price-cut share indicates that there might be limited transactions or a new market where historical pricing data is scarce. This scenario presents both opportunities and challenges for landlords and small-portfolio investors. Opportunities arise from the potential to serve a population that benefits from affordable housing policies, while challenges include the necessity to adhere to federal rent guidelines and possibly navigate a less established market. In conclusion, the combination of a significant renter population and a defined FMR makes ZIP code 78349 a viable location for Section 8 properties.
Section 8 Verdict: Suitable for investment given the defined FMR and moderate renter population.
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.