Location: Corpus Christi, TX | Metro: Corpus Christi, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,010 |
| 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 HUD Fair Market Rent (FMR) for ZIP code 78352 in Corpus Christi, TX, for fiscal year 2024 is set at $1140. This figure represents the maximum amount that a Section 8 voucher holder can pay for rent in the area. However, due to the lack of current market rent data, it's difficult to provide a direct comparison between the FMR and what landlords are currently charging in the market.
The median home value in ZIP code 78352 is also not available, which means we cannot calculate a precise rent-to-price ratio. This ratio is crucial for understanding the relative affordability of renting versus buying a home in the area. Without this data, landlords must rely on other indicators to assess the economic landscape.
Given the HUD FMR of $1140, landlords can expect that voucher tenants will cashflow their properties, assuming they are not overpriced compared to the market. Landlords should ensure that their rental properties meet the necessary standards and are priced appropriately to attract these tenants. It's important to note that the actual cashflow potential depends on the property's condition and location within the ZIP code.
The absence of specific data on days on market (DOM) and the percentage of price reductions suggests a stable local housing market. In a stable market, the risk of prolonged vacancy periods is lower, and landlords can focus on maintaining consistent rental income. The lack of significant price-cutting activity indicates that the market is steady, and landlords can expect reliable returns from their investments.
In conclusion, the strongest angle for Section 8 investors in ZIP code 78352 is cashflow. With the HUD FMR set at $1140, landlords can expect to generate positive cashflow from their properties, provided they manage their costs effectively and maintain quality standards. This makes the area particularly attractive for those seeking a predictable source of passive income through rental properties.
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.