Location: Jim Wells County, TX | Metro: Duval County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 78384 is poised for a nuanced period ahead, particularly when considering the implications for landlords and small-portfolio investors. The median home value stands at $78,447, indicating that this area remains relatively affordable compared to broader metropolitan trends. While the percentage of listings that have been reduced and the median days on market (DOM) are currently unavailable, the low median home value suggests a market where price reductions might be less common due to the already competitive pricing environment.
The Federal Market Rent (FMR) for the metro area is projected at $1,200 for fiscal year 2026, while the current market rent sits at $764 according to the Census ACS data. This significant gap between the FMR and the actual market rent signals strong potential for rental income growth. Landlords can expect to gradually increase rents to align more closely with the FMR, which will likely enhance their cash flow over the next 12-24 months.
For long-term hold investors, the appreciation thesis in ZIP 78384 is grounded in the area's affordability and the projected rise in rental values. As rental rates approach the FMR, the demand for rental properties may increase, potentially driving up property values. However, the setup also implies a cautious approach to valuation increases, given the low median home value and the absence of recent listing reduction and DOM data. It suggests a market that could see steady, rather than explosive, appreciation, making it suitable for those seeking stable, long-term investments.
In summary, ZIP 78384 presents an opportunity for investors who are willing to take a measured approach. The low median home value supports a robust rental market, and the alignment of market rents with the FMR over time should provide a solid foundation for both rental income and property value growth. This makes it a viable option for those looking to build a sustainable real estate portfolio without the expectation of rapid capital gains.
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.