Location: Blanco County, TX | Metro: Kendall County, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 78027 are renters, indicating a predominantly owner-occupied market. This statistic suggests that landlords should focus on long-term strategies and consider the potential challenges in finding tenants. With a Fair Market Rent (FMR) of $1440 for zip code 78027 in fiscal year 2024, it's important to note that this figure represents the upper limit for rental assistance under the Section 8 program. The median income in the area stands at $111,119, which is significantly higher than the national average, pointing to a relatively affluent demographic. However, the absence of data regarding market rent and median home values means we must rely heavily on the FMR and income figures to gauge the local real estate landscape.
The lack of specific market rent data makes it difficult to compare the FMR against what landlords might actually charge, but given the high median income, there may be opportunities to set rents above the FMR for higher-end properties. The non-availability of days on market (DOM) and the percentage of homes that have had their prices cut indicates a stable housing market with little fluctuation. Landlords and small-portfolio investors should be cautious about relying solely on Section 8 vouchers due to the low renter share, and instead consider a mix of tenant types to ensure consistent occupancy.
In conclusion, while the high median income in ZIP 78027 offers potential for lucrative investments, the extremely low renter share signals a challenging environment for landlords. The Section 8 Fair Market Rent of $1440 can serve as a baseline for rental pricing, but the limited availability of vouchers combined with the low demand for rentals may not provide sufficient returns for those exclusively seeking Section 8 tenants. Verdict: Not recommended for exclusive Section 8 investment.
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.