Location: Duval County, TX | Metro: Duval County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The ZIP code 78376 presents an interesting real estate investment scenario when analyzed through the lens of yield and stability for Section 8 landlords and small-portfolio investors.
Firstly, regarding yield, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,290. This figure represents the maximum amount that landlords can charge for Section 8 housing in the area. However, it's important to note that there is no available data for the market rent or home values, which means we cannot compare these figures directly to assess if the FMR provides a premium over market rates. In the absence of such comparative data, the yield is based solely on the FMR, indicating a straightforward but limited understanding of potential returns.
Moving on to stability, the ZIP code shows that only 9.1% of the population are renters, suggesting a relatively low demand for rental properties. Additionally, the lack of data on days on market (DOM) indicates an incomplete picture of how quickly properties might be leased. However, the median household income of $40,714 is a significant positive factor. This income level suggests that tenants receiving Section 8 vouchers are likely to have sufficient additional income to cover the gap between the voucher amount and the actual rent, thereby enhancing the stability of cash flows for landlords.
Based on the provided data, 78376 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. The yield is defined but not particularly high given the lack of market rent comparison. Stability is somewhat compromised by the low percentage of renters but bolstered by the decent median income, which supports the ability of tenants to pay their share of the rent. Therefore, this market is best classified as a moderate opportunity where the predictability of Section 8 payments ensures a stable, if not exceptionally high, cash flow.
To summarize, for Section 8 landlords and small-portfolio investors, ZIP 78376 offers a predictable rental income with a known FMR of $1,290 per month. The stability is mixed, with a low renter population but supported by average incomes that should facilitate timely rent payments. This makes it a suitable market for those seeking consistent, though not necessarily maximized, yields.
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.