Location: Austin County, TX | Metro: Austin County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
The ZIP code 77473 stands out due to its unique demographic and economic characteristics. With only 49 residents, it has the smallest population among the analyzed ZIP codes. Notably, 100.0% of these residents are renters, indicating that there is no homeownership in this area at all. The absence of data on median income and median home value further suggests that this ZIP code might be an outlier or have insufficient data points for typical analysis.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 77473 in fiscal year 2024 is set at $1100. This figure is crucial for landlords and small-portfolio investors because it represents the maximum amount that the government will pay for rental assistance through the Section 8 program. However, the lack of available market rent data means that investors cannot directly compare the FMR against local market conditions, which typically would inform decisions about property management and pricing strategies.
The data signature for ZIP 77473 reads as "transitional." Given the complete reliance on rentals and the absence of homeowners, combined with the limited data on income and home values, it is likely that this area is undergoing significant changes in its housing market dynamics. Landlords should be cautious and monitor any updates to the FMR and market rent data closely, as they could signal shifts in the local rental landscape.
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.