Location: Willacy County, TX | Metro: Willacy County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 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 78598 stands out due to its unique demographic and economic characteristics. With only 245 residents, it has a very low population density. Notably, 11.9% of these residents are renters, indicating a primarily owner-occupied housing market. The median home value in this area is exceptionally high at $276,590, which suggests that the housing stock is relatively upscale and expensive.
Regarding Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, there is no available data on the current market rent or median income for ZIP 78598, which makes it difficult to assess how competitive the FMR is relative to the local rental market. This lack of information could be indicative of limited rental activity or a small sample size in the data collection process.
The data signature for ZIP 78598 reads as stable. The high median home value and low percentage of renters suggest a community where homeownership is prevalent and property values have remained steady. While the absence of some key metrics such as median income and current market rents limits a full economic analysis, the existing data points to a settled, affluent neighborhood where the demand for rental properties is likely minimal.
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.