Location: Uvalde County, TX | Metro: Uvalde County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
The analysis of the Section 8 program in ZIP code 78802 reveals a significant financial gap that impacts both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,120. However, the current market rent in this area is not available, indicating a potential lack of recent data or an anomaly in the local rental market dynamics.
Given the absence of specific market rent figures, we can infer that the FMR of $1,120 is likely higher than what is currently being charged in the open market. This scenario transforms ZIP 78802 into a yield play for landlords who accept Section 8 vouchers. When the FMR exceeds the market rent, landlords can secure steady, government-backed income that matches or slightly exceeds the typical rental rates, without the risk of vacancy common in fluctuating markets.
The cost of housing voucher tenants below open-market rates is minimal in this case, since the market rent is unreported. Accepting Section 8 tenants ensures a reliable cash flow at a rate that is potentially above the prevailing market conditions. This is particularly advantageous when considering the broader economic context of ZIP 78802, where the percentage of renters, median home value, and median income are all unspecified. Without these details, it's challenging to provide a comprehensive picture of the local economy's impact on rental yields, but the guaranteed nature of the FMR makes it a safe bet for landlords.
To summarize, the gap between the FMR and the unknown market rent in ZIP 78802 positions the acceptance of Section 8 vouchers as a strategic move for landlords seeking stable returns. While the exact percentage gap cannot be calculated due to missing market rent data, the principle remains clear: landlords can achieve a competitive yield through the FMR structure, which stands at $1,120 per month for the upcoming fiscal year.
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.