Location: Medina County, TX | Metro: Medina County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
13.3% of residents in ZIP code 78850 are renters, indicating a modest demand for rental properties. However, the $1140 Fair Market Rent (FMR) for Section 8 housing in the area for fiscal year 2024 shows a significant opportunity for landlords. This figure is notably lower than the $1,175 market rent reported by the Census Bureau's American Community Survey, suggesting that landlords could potentially offer competitive rates while still maintaining profitability.
The median home value in ZIP 78850 stands at $279,416, which places it within a reasonable range for investment properties. Given the median income of $69,531, many residents may find it challenging to purchase homes outright, thus increasing the likelihood of continued reliance on rental housing. Landlords should consider these economic factors when setting rents and evaluating potential returns on investment.
While the data does not provide specific insights into days on market (DOM) or the percentage of price-cut shares, the disparity between the FMR and market rent indicates a stable rental market. The $1140 FMR for Section 8 is a fixed rate, offering landlords a predictable income source, whereas the $1,175 market rent can fluctuate based on supply and demand dynamics.
In conclusion, the ZIP code 78850 presents a balanced opportunity for landlords and small-portfolio investors interested in Section 8 housing. With a manageable renter share of 13.3% and a favorable gap between the FMR and market rent, the area supports both government-subsidized and private rental markets effectively. The median income of $69,531 further underscores the necessity for affordable housing options, making Section 8 a viable choice for many tenants.
Verdict: ZIP 78850 is a suitable market for Section 8 investments.
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.