Location: Corpus Christi, TX | Metro: Corpus Christi, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,780 | $233,985 | 0.76% | D |
| 4BR | $2,000 | $310,196 | 0.64% | D |
U.S. Census Bureau data (2024)
The market in ZIP 78410 presents a dynamic scenario where the balance between supply and demand is tilting towards a slight surplus of supply. This inference is drawn from the current Fair Market Rent (FMR) set at $1,420 for fiscal year 2024, compared to the actual market rent, measured by ZORI, which stands at $1,367. The fact that the FMR is higher suggests that there might be some downward pressure on rental rates due to an abundance of available units.
A further indication of this trend is the 0.3% price-cut share, which implies that a small but notable portion of landlords are willing to reduce their rents to attract tenants. Coupled with a 51-day Days on Market (DOM), it becomes evident that while properties are not taking excessively long to rent, there is still a need for landlords to adjust their pricing strategies slightly to remain competitive.
The median home value in ZIP 78410 is currently at $237,335, reflecting the overall affordability of the housing stock. However, with a 31.9% renter share, we can deduce that there is significant long-term housing pressure in the area. A substantial percentage of residents renting rather than owning their homes indicates a persistent demand for rental properties. This high renter share could be attributed to various factors including affordability issues, population demographics, and employment trends.
The presence of a sizeable renter base suggests that even though the market might have a slight oversupply of rental units at present, there remains a robust underlying demand. Landlords and small-portfolio investors should monitor these dynamics closely as they navigate the rental landscape in ZIP 78410. The market's response to these pressures will continue to shape rental rates and property management strategies moving forward.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.