Location: Lavaca County, TX | Metro: Austin-Round Rock-San Marcos, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
U.S. Census Bureau data (2024)
The ZIP code 78941 stands out due to its unique demographic and economic characteristics. With a population of 3,619 residents, it has a relatively low rental rate at 19.5%, indicating that homeownership is predominant. The median income in this area is $76,477, reflecting a middle-class community, while the median home value is notably high at $451,180, suggesting a strong local housing market.
Turning to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 78941 in fiscal year 2024 is set at $1,470. This figure is significantly higher than the Census ACS reported average market rent of $1,004, which implies that landlords participating in the Section 8 program can expect higher rental incomes compared to the general market. However, it's important to note that the higher FMR does not necessarily translate into a larger tenant pool, as only 19.5% of the residents are renters. Landlords should consider the potential demand for subsidized housing in their decision-making process.
Based on the data available, ZIP 78941 presents a stable environment. The high median home value and middle-class income levels suggest a steady economic foundation. While the rental market is smaller, the disparity between the FMR and the market rent indicates a favorable position for landlords who choose to accept Section 8 vouchers. This stability can be reassuring for small-portfolio investors looking to enter or remain in the area, although they must also be aware of the limited rental market size.
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.