Location: Medina County, TX | Metro: Medina County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The ZIP code 78886 represents a unique residential area characterized by its exceptionally low population density, with only 286 residents recorded. This neighborhood stands out due to its complete absence of renters, indicating that it is entirely composed of homeowners. The median household income in this area is notably high at $123,532, suggesting a community where residents have significant financial stability and purchasing power.
Reflecting this economic status, the median home value in ZIP 78886 is impressively high at $279,601. This figure underscores the affluent nature of the housing market here, where property values reflect the strong local economy and the preference for homeownership over renting.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 78886 as of fiscal year 2024 is set at $1,140. However, given the lack of rental units, there is no market rent data available, which further emphasizes the exclusive nature of this ZIP code as a purely owner-occupied area.
Considering these factors, ZIP 78886 is not an ideal location for a hands-off voucher operator. The absence of renters means there is no demand for Section 8 vouchers in the area, rendering such an investment strategy ineffective. Instead, this ZIP code would be better suited for a hands-on value-add buyer who could leverage the high median income and home values to target renovations or new constructions aimed at the upper-middle-income bracket. Such an investor could focus on creating high-quality homes that match the existing economic profile of the area, thereby ensuring a stable and profitable return through the sale or long-term ownership of these properties.
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.