Location: Corpus Christi, TX | Metro: Corpus Christi, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,600 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,130 |
| 3 Bedrooms | $2,780 |
| 4 Bedrooms | $3,130 |
| 5 Bedrooms | $3,631 |
| 6 Bedrooms | $4,067 |
| 7 Bedrooms | $4,392 |
| 8 Bedrooms | $4,612 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,760 | $236,049 | 0.75% | D |
| 2BR | $2,130 | $354,772 | 0.6% | D |
| 3BR | $2,780 | $556,601 | 0.5% | F |
| 4BR | $3,130 | $798,018 | 0.39% | F |
U.S. Census Bureau data (2024)
The ZIP code 78373, located in Port Aransas, TX, has a population of 3,348 individuals, with 27.9% being renters. This indicates that while there is a notable presence of renters, it is not a predominantly renter-heavy area. The median household income in this ZIP code stands at $91,106, which provides context for the affordability of housing.
The market rent for the area is $2,294 per month, representing approximately 27.3% of the median household income when calculated annually. In comparison, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,760, suggesting that market rents exceed the FMR by about $534 per month. This discrepancy highlights the potential challenge for tenants relying on vouchers to cover their housing costs.
A landlord in ZIP 78373 should anticipate a tenant profile that includes individuals who may struggle to meet the higher market rents without assistance. Given the FMR figure, tenants using Section 8 vouchers will likely find it difficult to secure housing in the market without additional income or subsidies. Landlords might consider offering properties at or near the FMR to attract a broader range of tenants, including those with vouchers.
To conclude, the tenant profile in 78373 will predominantly consist of individuals who are either financially stable enough to afford the higher market rents or require supplementary income to utilize their vouchers effectively. Landlords should be prepared for a mix of tenants, some of whom may have limited financial resources and rely heavily on vouchers to cover their rent.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.