Location: Eagle Pass, TX | Metro: Eagle Pass, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
The classification of ZIP code 78860 on the axes of yield and stability requires a closer look at the available data. Based on the Zillow Home Values Index (ZHVI), the median home value in 78860 is $201,114, indicating a modest investment cost. However, the Fair Market Rent (FMR) for the metro area is $1,150, which suggests a potentially good rental yield if local rental prices align with these figures.
From the Trulia search, we can infer some stability metrics. The rental listings in ZIP 78860 show a range of monthly rents, from $950 to $3,150, depending on the type and size of the property. This indicates a diverse rental market, but without specific percentages of renters or days on the market (DOM), it’s challenging to gauge the overall stability. Additionally, the median household income data is not provided, which is critical for understanding the financial capacity of potential tenants.
The presence of furnished and pet-friendly options, as well as special offers, suggests a competitive rental market where landlords are offering incentives to attract tenants. This could indicate a moderate level of stability, as landlords are willing to make accommodations to ensure occupancy.
In conclusion, ZIP 78860 appears to be a market with a potentially high yield due to the relatively low home values compared to the metro-wide FMR. However, the lack of specific rental market data and income figures makes it difficult to classify the market as either high-yield/low-stability or a steady-cashflow zone. The diversity in rental offerings and the competitive nature of the market suggest a balance between yield and stability, but further data is needed for a precise classification.
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.