Location: Willacy County, TX | Metro: Willacy County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The ZIP code 78590 represents a predominantly homeowner-focused area with a relatively small population of 428 residents. This neighborhood stands out due to the absence of rental properties, with a reported 0.0% of residents being renters. The median household income in this area is notably high at $82,292, indicating a community that is financially stable and likely composed of middle to upper-middle-class families.
The lack of median home value data suggests that there might be limited housing stock or very specific conditions within the ZIP code that affect property valuation. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000. This figure serves as a benchmark for rental pricing in federally-assisted housing programs such as Section 8. Notably, there is no available data for the market rent within ZIP 78590, which further emphasizes the scarcity of rental units in the area.
Given these characteristics, ZIP 78590 would not be an ideal location for a hands-off Section 8 voucher operator. The absence of rental properties means that there is little to no opportunity for passive rental management through the voucher program. Instead, the area seems better suited for a hands-on value-add buyer who could potentially develop rental properties or renovate existing homes to meet the needs of low-income families seeking assistance through the Section 8 program. Such an investor would need to carefully consider the local demand and the potential for attracting Section 8 tenants given the high median income levels and the current lack of rental options.
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.