Location: Corpus Christi, TX | Metro: Corpus Christi, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
The Fair Market Rent (FMR) for ZIP code 78426 in fiscal year 2024 is set at $1350. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is a federal housing assistance program. It's important to note that this is the payment standard, not the actual rent you will receive, as tenants typically pay a portion of their income towards rent.
In ZIP 78426, the local median rent is currently listed as N/A, which means there isn't enough data to provide an accurate comparison. However, the FMR of $1350 gives you a benchmark for what the government considers a fair rent price in this area.
The percentage of renters in ZIP 78426 who could potentially qualify for Section 8 based on income is N/A%. This indicates the level of demand for subsidized housing in your area. If the percentage is high, it suggests a strong interest among potential tenants in finding affordable housing options.
When acquiring a property to use as a Section 8 rental, the average cost per square foot is N/A. This information helps you understand the typical investment required to purchase a property in this area. While the exact costs will vary depending on the specific property, its condition, and location, these figures provide a starting point for your financial planning.
Before committing to a Section 8 rental, ensure that the property meets the Housing Quality Standards (HQS). This verification process is crucial because it determines whether the property is habitable and safe for tenants. The inspection covers various aspects of the home, including structural integrity, heating, plumbing, and electrical systems.
Data Sources: FMR data from HUD (2027).
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.