Location: Corpus Christi, TX | Metro: Corpus Christi, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,550 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,060 |
| 3 Bedrooms | $2,690 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
U.S. Census Bureau data (2024)
The ZIP code 78419 stands out due to its unique characteristics among rental markets. With only 693 residents, it has a 100% rental rate, indicating that every resident is a tenant. The median income for these residents is $66,182, which is noteworthy considering there is no reported median home value, suggesting that the area is purely residential with no homeownership.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for ZIP 78419 in fiscal year 2024 is set at $2,030. This figure contrasts sharply with the market rent average of $1,792, as reported by the Census Bureau's American Community Survey (ACS). Landlords in this ZIP code can expect higher rents when tenants use vouchers, which cover up to $2,030 per month, compared to the typical market rent of $1,792. This discrepancy presents an opportunity for landlords to secure stable rental income through the Section 8 program, even if they cannot charge the highest possible market rates.
Based on the available data, ZIP 78419 appears to be a stable rental market. The high percentage of renters indicates a consistent demand for rental properties, while the absence of median home values suggests no competition from homeownership options. The relatively high median income supports the feasibility of maintaining rental operations at the FMR levels. For small-portfolio investors, this ZIP code offers a predictable environment where the Section 8 program can serve as a reliable source of tenancy and income stability.
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.