Location: Kleberg County, TX | Metro: Kleberg County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 78379 in the Kleberg County, TX metro area reveals several key points for real estate investors considering Section 8 properties.
The rent math does not work favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for the area is set at $1,470 for fiscal year 2026. Without a comparative market rent figure, it's challenging to determine if the FMR aligns with what tenants can afford or if it reflects the true rental value of properties in this ZIP code.
Acquisition appears affordable given the median home value stands at $256,088. However, without data on the average number of days on market (DOM) and the percentage of homes that required a price cut to sell, it's difficult to gauge how quickly an investment property can be sold and at what price point. These metrics would provide insight into the liquidity and potential profit margins for investors.
Tenant demand is moderate in ZIP 78379. With a population of 1,659 and 19.8% of residents being renters, there is a limited pool of potential Section 8 tenants. This suggests that while there is some demand, it might not be robust enough to support a large influx of rental properties, especially those relying solely on Section 8 vouchers.
Verdict: ZIP 78379 presents a mixed picture for Section 8 real estate investments. While the median home value makes acquisition relatively affordable, the lack of market rent data and specific metrics on home sales and tenant behavior complicates the assessment. The limited population and moderate renter share indicate that demand is present but not overwhelming. Investors should proceed cautiously, ensuring they understand the local housing dynamics and the specific terms of Section 8 contracts in this area. The success of such an investment hinges on aligning with the financial parameters set by the program and accurately assessing the local market conditions beyond the provided data.
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.