Location: Washington County, TX | Metro: Austin County, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $470,444 | 0.26% | F |
| 3BR | $1,620 | $676,411 | 0.24% | F |
U.S. Census Bureau data (2024)
The market in ZIP 77426, Chappell Hill, TX, reflects a dynamic balance between supply and demand. With a Fair Market Rent (FMR) of $990 for fiscal year 2024 and a reported market rent of $2,075 based on Census ACS data, it's evident that there is a significant gap between subsidized and private rental rates. This gap suggests that while there is a segment of the population benefiting from government assistance, the broader market is experiencing upward pressure on rents.
The low price-cut share of 0.2% indicates that landlords are not frequently reducing their asking prices, which is typically a sign of stable demand. However, the median home value of $637,107 suggests that homeownership is relatively expensive, potentially driving a portion of the population towards renting. This is supported by the 30.5% renter share, which implies a substantial portion of the population relies on rental housing, creating long-term housing pressure as demand for affordable rentals persists.
The lack of available data on days on market (DOM) could indicate a robust sales process where homes are sold quickly, or it might simply reflect incomplete reporting. Nonetheless, the combination of high market rents and a considerable renter share points towards a market where demand is strong but supply is limited, particularly for affordable options. Landlords and small-portfolio investors should be aware of these dynamics, focusing on properties that cater to the needs of renters while also considering the potential for homebuyers who might find the market challenging due to the high median home value.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.