Location: Brownsville-Harlingen, TX | Metro: Brownsville-Harlingen, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The ZIP code 78567 is situated in a rural neighborhood characterized by a relatively small population of 323 residents. The rental market is modest, with only 17.8% of the population being renters. Unfortunately, specific figures for median income and median home value are not available, which suggests that detailed economic data for this area might be limited due to its size and location.
Moving into the realm of rent economics, the Fair Market Rent (FMR) for ZIP 78567 in fiscal year 2024 is set at $910. This figure represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program. However, the lack of data on market rent makes it challenging to compare how the FMR stacks up against what tenants might typically pay in the open market. Without this comparison, it's difficult to assess the potential profit margins for landlords participating in the Section 8 program.
Given the limited population and the modest rental market, ZIP 78567 would likely appeal more to a hands-off voucher operator rather than a hands-on value-add buyer. The low density of renters and the absence of robust economic indicators suggest that there may not be significant opportunities for aggressive property management strategies aimed at increasing rental income through improvements or renovations. Instead, landlords who are looking for stable, long-term investments with minimal hassle and a steady stream of Section 8 tenants would find this ZIP code suitable. They should focus on maintaining properties to meet the standards required by the Section 8 program and ensure compliance with HUD regulations to avoid any issues.
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.