Location: Kerr County, TX | Metro: Kerr County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
The market in ZIP code 78029 presents a dynamic environment that is indicative of ongoing changes, though the exact nature of these shifts requires deeper analysis. The Fair Market Rent (FMR) for the area is set at $1,120 for fiscal year 2026, which reflects the federal government's assessment of rental affordability. However, the absence of current market rent data suggests a lack of recent activity or reporting, potentially pointing to a less active market.
The unavailability of percentage price-cut share and days on market (DOM) indicates that there is insufficient data to definitively state whether supply outpaces demand or vice versa. Typically, a higher percentage of price cuts and longer DOM periods would suggest an oversupply, while lower percentages and shorter DOM periods would indicate strong demand. The current snapshot does not provide these insights.
A notable omission is the median home value, which is essential for understanding the overall economic health and stability of the housing market. Without this figure, it's challenging to assess how property values compare to rental prices, which could inform decisions on whether to rent or sell properties.
The N/A% renter share is a critical piece of missing information. In other markets, a high renter share can signal long-term housing pressure, as it implies a significant portion of residents are renting rather than owning their homes. This trend often correlates with limited affordable housing options, driving up rental demand. Conversely, a low renter share might suggest that homeownership is more prevalent, potentially reducing rental demand. The lack of this statistic leaves a gap in understanding the balance between renters and owners, which is crucial for predicting future market pressures.
In conclusion, ZIP 78029 appears to be a market with evolving dynamics, but the current data limitations prevent a comprehensive assessment of whether supply or demand is the dominant force. The absence of key metrics such as market rent, price-cut share, DOM, and median home value means that landlords and small-portfolio investors must rely on supplementary research to make informed decisions.
Data Sources: FMR data from HUD (2027).
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.