Location: Uvalde County, TX | Metro: Uvalde County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The situation in ZIP code 78838 presents a unique challenge for both renters and landlords alike. Given the median income of $106,250, households in this area should theoretically have the financial capability to afford market-rate rents. However, the lack of specific market rate data (N/A) makes it difficult to assess the actual affordability gap for renters.
When comparing the median income to the voucher payment standard of $1,060 for Fair Market Rent (FMR) in the metro area for fiscal year 2026, it becomes apparent that the majority of residents could easily cover the cost of a Section 8 voucher without financial strain. This suggests that the voucher amount is significantly lower than what might be expected based on the median income, indicating a substantial gap between what the government subsidizes and what the market demands.
The extremely low percentage of renters at 0.0% in ZIP 78838, combined with a total population of only 125, points to a highly competitive environment for landlords. The scarcity of renters means that those who do choose to rent may be particularly selective, favoring properties that offer the best value for their money. This competitive landscape could incentivize landlords to consider accepting Section 8 vouchers as a way to secure tenants, especially given the disparity between median incomes and voucher payments.
For landlords evaluating whether to accept voucher tenants or focus on cash-paying ones, the key takeaway is that while the median income supports higher rental rates, the limited number of potential renters necessitates flexibility in tenant selection strategies. Accepting Section 8 vouchers can provide a steady stream of tenants, though it comes with the trade-off of receiving a lower rent payment compared to what the market might bear. Conversely, targeting cash-paying tenants could yield higher immediate returns but risks prolonged vacancy periods due to the small pool of renters. Landlords must weigh these factors carefully to make informed decisions that align with their business goals and the realities of the local rental market.
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.