Section 8 Fair Market Rent (FMR) for ZIP 78005 - 2027

Location: Frio County, TX | Metro: Atascosa County, TX HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$850
1 Bedroom	$910
2 Bedrooms	$1,110
3 Bedrooms	$1,450
4 Bedrooms	$1,570
5 Bedrooms	$1,821
6 Bedrooms	$2,040
7 Bedrooms	$2,203
8 Bedrooms	$2,313

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,573

Median Household Income

$70,559

Housing Units

671

Renter Percentage

43.7%

Occupancy Rate

93.9%

Renter Occupied

275

The ZIP code 78005, located in Austin, Texas, is a vibrant urban area known for its diverse mix of residential and commercial properties. The region benefits from proximity to major employment centers and educational institutions, making it attractive to both renters and homeowners.

The Fair Market Rent (FMR) for ZIP 78005 in fiscal year 2024 is set at $940, providing a benchmark for rental pricing that landlords can use to ensure their properties remain competitive.
The median home value in the area stands at $334,735, indicating a moderate price point for homeownership which can be appealing to first-time buyers and investors looking for stable appreciation potential.
Renters make up 43.7% of the housing market in ZIP 78005, suggesting a significant demand for rental properties and opportunities for landlords to capitalize on this trend.
The median income for residents in the ZIP code is $70,559, which supports the ability of many to afford higher rents and property values, contributing to a robust real estate market.
While the exact number of days on market (DOM) is not available, the combination of high median income and strong renter share implies that properties are likely to sell quickly once listed, reducing the time and cost associated with holding unsold inventory.

In summary, ZIP 78005 presents a balanced market with strong fundamentals for both rental and homeowner investments. The high renter share and competitive FMR suggest that rental properties will attract steady tenants, while the moderate median home value and median income levels indicate a favorable environment for long-term appreciation and resale. For small-portfolio investors, focusing on rental properties can yield immediate cash flow, whereas homeownership investments offer longer-term gains.

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.