Location: Real County, TX | Metro: Real County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The market in ZIP code 78873, characterized by a Federal Market Rent (FMR) of $980 for fiscal year 2026, presents a snapshot of a rental environment that is likely experiencing a delicate balance between supply and demand. The absence of current market rent data suggests that the area's rental landscape may be less dynamic compared to other regions, but the FMR figure serves as a benchmark for federally subsidized housing.
The low 0.1% price-cut share indicates that landlords are generally not compelled to reduce their asking rents to attract tenants, implying that the current rental rates are already competitive and aligned with what the market can bear. This stability is further supported by the lack of available data on Days on Market (DOM), which typically reflects how quickly properties are leased. However, the median home value of $317,473 provides insight into the overall housing market, suggesting a relatively stable and potentially growing residential sector.
The 19.1% renter share points to a significant portion of the population preferring or needing to rent rather than own homes. This dynamic can indicate long-term housing pressure, especially if the trend persists or increases over time. It suggests that there could be an ongoing need for rental units to accommodate those who choose or must rent due to financial constraints or lifestyle preferences. Landlords and small-portfolio investors should consider this statistic as it highlights a consistent demand for rental properties, even if the exact trajectory of future growth remains uncertain.
In summary, ZIP 78873 appears to be a market where demand for rentals is steady, but not overwhelming, given the low price-cut share and stable median home values. The relatively high renter share signals a persistent need for rental units, making it a viable investment opportunity for those looking to capitalize on the existing dynamics without speculative assumptions about future changes.
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.