Location: Corpus Christi, TX | Metro: Corpus Christi, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,230 |
| 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 78351 is predominantly a renter-heavy area, with 65.0% of its population renting their homes. This high percentage suggests a strong potential for Section 8 tenants who rely on housing vouchers. Given the median household income of $38,925, the typical market rent of $1,102 represents approximately 28.3% of the average monthly income.
Comparing the market rent to the Fair Market Rent (FMR) of $1,160, which is set for fiscal year 2024, we see that the actual rent is slightly below the FMR. This indicates that landlords in this ZIP can expect to receive rental assistance payments close to the market rate but still within the bounds of the FMR. The proximity of these figures means that landlords will likely be able to attract tenants without significant adjustments to their pricing strategies.
The kind of tenant profile a landlord in 78351 should expect is one that is financially constrained, with a strong reliance on government assistance to cover housing costs. Tenants will likely have a monthly income around the median, necessitating the use of vouchers to afford typical market rents. Landlords should prepare for a tenant pool that requires the support of Section 8 vouchers to meet their housing needs, given the economic conditions of the area.
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.