Location: Mason County, TX | Metro: Gillespie County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The ZIP code 78618 stands out due to its unique demographic profile, which includes a small resident population of only 346 individuals. Notably, only 8.7% of these residents are renters, indicating a predominantly owner-occupied area. The median income here is relatively high at $81,528, suggesting a prosperous community despite the lack of data on median home values.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,150. However, there is no available market rent data for ZIP 78618, making it challenging to compare the FMR with actual rental rates in the area. This absence of market data could indicate that the rental market in this ZIP is either very small or not well documented, which might affect the utility of Section 8 vouchers for landlords and small-portfolio investors.
The data signature for ZIP 78618 reads as stable. With a low percentage of renters and a high median income, the demand for subsidized housing may be limited. Landlords should consider the potential for limited participation in the Section 8 program due to the small number of eligible tenants. However, the high median income suggests that any tenants who do receive vouchers may have additional financial stability beyond the subsidy, which can be reassuring for landlords.
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.