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 | $207,825 | 0.86% | C |
U.S. Census Bureau data (2024)
The rent math in ZIP code 78417, located in the Corpus Christi, TX HUD Metro FMR Area, works favorably for landlords. The Fair Market Rent (FMR) set at $1250 for fiscal year 2024 slightly exceeds the current market rent of $1,208 based on Census ACS data. This indicates that properties can be priced competitively while still meeting the FMR threshold required for Section 8 participation.
Acquisition of rental properties in this area is relatively affordable. With a median home value of $193,410, potential investors can enter the market without requiring substantial capital. Although the data does not provide days on market (DOM) or the percentage of homes needing price cuts to sell, the low median home value suggests a favorable entry point for investment.
Tenant demand is present but moderate. The population of 78417 stands at 4,703, with 34.8% of residents being renters. This means approximately 1,636 individuals are actively seeking rental housing, providing a reasonable pool of potential tenants for landlords and small-portfolio investors.
In summary, ZIP 78417 offers a viable opportunity for Section 8 landlords and small-portfolio investors. The rent math is favorable, with FMR slightly above market rates. Property acquisition is affordable given the median home value. There is a moderate level of tenant demand, ensuring a steady stream of potential renters. These factors collectively suggest a positive investment environment.
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.