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 ZIP code 78359 is primarily a renter-heavy area, with 36.2% of its population being renters. This indicates a significant portion of the residents are likely to be interested in rental housing, particularly those who might rely on Section 8 housing vouchers due to their median household income of $45,458.
A typical market rent of $940 in this area consumes approximately 20.7% of the median household income. This figure suggests that the rent is relatively affordable compared to the Federal Market Rent (FMR) of $1,140 for fiscal year 2024, which represents the maximum rent allowable under the Section 8 program for this ZIP code. The lower market rent compared to the FMR implies that there is substantial demand for vouchers, as it allows tenants to secure housing at rates below the FMR.
Landlords in ZIP 78359 should anticipate tenants who are financially reliant on government assistance to meet their housing costs. These tenants will likely have a household income around the median or slightly below, necessitating the use of Section 8 vouchers to cover their rent. Given the economic conditions and the proportion of renters, properties that accept Section 8 vouchers are expected to be highly sought after.
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.