Location: Zapata County, TX | Metro: Jim Hogg County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
The market in ZIP code 78360 is currently defined by its Fair Market Rent (FMR) at $970 for the fiscal year 2026, indicating a stable rental environment that aligns closely with federal guidelines. The absence of specific data on market rent, price-cut share, days on market (DOM), and median home value suggests an opaque local real estate landscape, one where traditional metrics do not fully capture the dynamics at play.
Without detailed historical data, we can infer that the lack of market rent figures and the high Fair Market Rent suggest that the rental market might be experiencing a scenario where demand meets or slightly exceeds supply. This is a common situation in areas where affordable housing options are limited, leading to a reliance on government-subsidized programs such as Section 8. The undefined percentage of price-cut share and DOM could imply that property listings are not staying on the market for extended periods, further supporting the notion of balanced or slightly tight conditions.
The median home value being listed as N/A points towards a variety of factors that could include a mix of property types, varying quality, and perhaps a smaller sample size that makes it difficult to establish a reliable average. However, the absence of a definitive figure also indicates that homeownership trends may not be as straightforward as in other markets, potentially due to the strong presence of rental properties and the influence of Section 8 vouchers.
The unspecified percentage of renter share is crucial in understanding the long-term housing pressure in ZIP 78360. A higher proportion of renters often correlates with increased housing pressure, as tenants may struggle to find affordable options and may rely heavily on subsidized programs. In this case, the undefined statistic leaves room for speculation but underscores the importance of rental affordability and the role of Section 8 in providing stability for residents.
In summary, ZIP 78360 presents a market where the Fair Market Rent is a key indicator of rental stability, and the reliance on Section 8 suggests a need for affordable housing solutions. The dynamics here are complex, with potential signs of a rental market that is well-supported by government programs, catering to a significant portion of the population who may otherwise face housing insecurity.
Data Sources: FMR data from HUD (2027).
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.