Location: Dimmit County, TX | Metro: Dimmit County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 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 analysis of ZIP code 78830 in Dimmit County, Texas, reveals several key points that landlords and small-portfolio investors should consider.
Firstly, the rent math does not work favorably. The Fair Market Rent (FMR) for the area, set at $970 for the fiscal year 2026, significantly exceeds the actual market rent of $631 based on Census ACS data. This discrepancy means that landlords might struggle to find tenants willing to pay the higher FMR rate, leading to potential vacancies unless they adjust their rental prices to match the local market.
Secondly, the acquisition cost is relatively low, with a median home value of $95,609. However, without specific data on days on market (DOM) and the percentage of homes that have had their prices cut, it's challenging to determine if the current housing market offers an affordable entry point for new acquisitions. Investors must be cautious about overpaying and ensure they conduct thorough due diligence on property values and market conditions.
Lastly, there is a moderate tenant demand. With a total population of 597 and a renter share of 24.8%, landlords can expect a steady but not overwhelming number of potential tenants. This indicates that while there is a viable rental market, it is limited by the size of the community.
In conclusion, ZIP 78830 presents a mixed picture for real estate investment. While the low median home value makes acquisition potentially affordable, the mismatch between FMR and actual market rents suggests that landlords will need to carefully price their units to attract tenants. Given the modest size of the community and the relatively low renter share, the demand for rental properties is present but constrained. Landlords should focus on offering competitive rents and maintaining high-quality properties to maximize occupancy rates and profitability.
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.