Housing market/Texas/ZIP 78405

ACS 2023 · FY2027 SAFMR

ZIP 78405 Corpus Christi, Texas

Corpus Christi, TX HUD Metro FMR Area · Texas. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
14,442
Households
5,002
Median HH income
$37,188
Renter share
46.2%
Median gross rent
$1,030
Vacancy
17.6%
Pop. change
-5.8%
2BR SAFMR
$1,230
SAFMR / rent
1.194×
2–49 unit stock
922
LIHTC proj / units
3 / 284
HUD assisted MF
2 / 159

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 78405 · TX — sent to you.

ZIP 78405 · TX

ACS median rent$1,030
2BR SAFMR$1,230
90% floor$1,107
110% ceiling$1,353

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 78405

  • 1-unit detached4,98282.1%
  • 1-unit attached420.7%
  • 2–4 units4156.8%
  • 5–49 units5078.4%
  • 50+ units440.7%
  • Mobile781.3%
TypeUnitsShare
1-unit detached4,98282.1%
1-unit attached420.7%
2 units (duplex)2063.4%
3–4 units2093.4%
5–9 units2784.6%
10–19 units1792.9%
20–49 units500.8%
50+ units440.7%
Mobile781.3%

2–4 unit share 6.8% · 5–49 unit share 8.4% · combined 2–49 15.2%.

Units by bedrooms

Studio
353
1BR
572
2BR
2,644
3BR
2,230
4BR
229
5+
40

Rent burden

Rent ≥30% of income66.4%
Rent ≥50% of income33.3%
  • ACS median gross rent $1,030 (all bedrooms, occupied rentals).
  • Median contract rent $744.
  • Renters paying ≥30% of income 66.4%; ≥50% 33.3%.
  • FY2027 2BR SAFMR $1,230 (1.194× ACS median gross rent).

Population

14,442 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -5.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 284 units.
  • HUD project-based assisted MF: 2 properties, 159 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 142 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 78405 46.2% of occupied households are renters; vacancy is 17.6%; ACS median gross rent is $1,030; population changed -5.8% between the 2018 and 2023 ACS vintages; the housing stock includes 415 units in 2–4-unit structures and 507 units in 5–49-unit structures; 3 LIHTC projects totaling 284 units; FY2027 2BR SAFMR is $1,230 versus ACS median gross rent of $1,030. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Texas research

ZIP 78405 is a Census / HUD profile for Corpus Christi, TX. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Texas research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 78405?

ZIP 78405 (Corpus Christi, TX HUD Metro FMR Area) has 14,442 residents, 5,002 households, a renter share of 46.2%, median household income of $37,188, and ACS 2023 median gross rent of $1,030. Vacancy is 17.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 78405?

ACS counts 206 units in 2-unit buildings, 209 in 3–4 unit buildings, 278 in 5–9, 179 in 10–19, and 50 in 20–49. Combined 2–49 unit stock is 922 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 78405?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,230. See the full schedule and 90–110% payment-standard band on the ZIP 78405 — Corpus Christi, TX HUD Section 8 Payment Standards / SAFMR.

Does this Texas ZIP profile include Georgia listings?

No. ZIP 78405 is Census / HUD research for Corpus Christi, TX HUD Metro FMR Area. Jeff Crowe CRE does not list Texas property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.