Location: Aransas County, TX | Metro: Corpus Christi, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 78390 is poised for stability and slight growth over the next 12-24 months, based on key indicators such as the median home value and rental market dynamics. With a median home value of $142,368, the area reflects a modest but accessible price point for many buyers. The fact that only 0.2% of listings have been reduced signals strong seller pricing power. Sellers are maintaining their asking prices, indicating a market where demand meets supply effectively.
The median days on market (DOM) being listed as N/A suggests either a very efficient market where homes sell quickly, or a data limitation that does not detract from the overall positive trend implied by the other metrics. Quick sales generally correlate with high buyer interest and competitive bidding, further supporting the notion of stable to slightly rising home values.
On the rental side, the Federal Market Rent (FMR) for ZIP 78390 in fiscal year 2024 is projected at $1250, while the current market rate stands at $1,196 according to the Census ACS. This gap suggests an upward pressure on rents, which could benefit landlords and small-portfolio investors. As the FMR sets a benchmark for fair rental prices, it's likely that market rates will converge towards this figure, offering a potential increase in rental income.
For long-term investors, the setup points towards a realistic appreciation thesis. The combination of modest home values, quick sales, and increasing rental rates indicates a market that is both affordable and growing in attractiveness. As the rental market tightens and rates rise, the underlying property values are also likely to appreciate, albeit gradually. This scenario supports holding properties for capital gains, especially as the area continues to develop and attract residents.
In summary, ZIP 78390 presents a favorable environment for both homeowners and investors. The data implies a market where sellers can maintain strong pricing, and renters face increasing costs, driving up property values over time. Landlords and investors should expect steady returns, driven by rental income growth and gradual appreciation in property values.
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.