Location: Bee County, TX | Metro: Bee County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The market in ZIP code 78391 is characterized by a high renter share at 100.0%, indicating that all households in this area are renters. This dynamic suggests significant long-term housing pressure, as there is a complete reliance on rental properties, leaving no buffer for potential shifts in demand.
The Fair Market Rent (FMR) for ZIP 78391 stands at $1,060 for fiscal year 2026, as determined by HUD. Meanwhile, the market rent, based on Census ACS data, is higher at $1,264. This discrepancy between the FMR and market rent signals a market where demand likely exceeds supply. Landlords and small-portfolio investors can interpret this as a strong rental market, where tenants are willing to pay above the fair market rate to secure housing.
Despite the high demand indicated by the 100.0% renter share, the lack of data on price-cut share and days on market (DOM) makes it challenging to assess the exact balance between supply and demand. However, the absence of homeownership options points towards a persistent challenge for those seeking affordable housing solutions beyond renting.
The median home value is also not available, which could be due to the absence of home sales data in this area. This detail further underscores the rental-centric nature of ZIP 78391, suggesting that owning a home might not be an option for many residents.
In summary, ZIP 78391 presents a rental market in motion, driven by a total dependency on rental properties. The higher market rent compared to the FMR indicates strong tenant demand, but the full picture requires additional data to understand the supply-side dynamics fully. For investors, this area represents a potentially stable rental income stream, given the high renter share and willingness to pay above the FMR.
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.