Section 8 Fair Market Rent (FMR) for ZIP 78022 - 2027

Location: McMullen County, TX | Metro: Live Oak County, TX

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$830
1 Bedroom	$860
2 Bedrooms	$1,100
3 Bedrooms	$1,370
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

4,682

Median Household Income

$55,895

Housing Units

2,245

Renter Percentage

29.0%

Occupancy Rate

77.8%

Renter Occupied

506

The ZIP code 78022, located in Austin, Texas, is a vibrant area characterized by its diverse community and proximity to urban amenities. The region offers a mix of residential properties, including both single-family homes and apartments, making it attractive for various types of tenants.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,050, indicating a solid rental price floor.
The market rent for a similar unit, based on the latest Census ACS data, stands at $864, suggesting that there is potential for rental increases to align with FMR standards.
The median home value in ZIP 78022 is $254,411, reflecting a middle-class neighborhood where homeownership is attainable for many residents.
Renters make up 29.0% of the population, showing a significant demand for rental properties and a balanced housing market.
The median income of the residents is $55,895, which supports the affordability of the current rental prices and indicates a stable tenant base capable of paying rent consistently.

Investors looking to enter the ZIP 78022 market should take note of the current rental prices being below the projected FMR, providing an opportunity for growth. With a median home value that aligns well with the median income, the area maintains a healthy balance between homeowners and renters. The substantial renter share signals strong demand for rental units, making this location favorable for those interested in generating steady rental income. Overall, the combination of these factors suggests a promising investment environment with room for rental price adjustments and a reliable tenant demographic.

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.