Section 8 Fair Market Rent (FMR) for ZIP 78055 - 2027

Location: Kerr County, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$930
1 Bedroom	$1,010
2 Bedrooms	$1,220
3 Bedrooms	$1,580
4 Bedrooms	$1,830
5 Bedrooms	$2,123
6 Bedrooms	$2,378
7 Bedrooms	$2,568
8 Bedrooms	$2,696

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,753

Median Household Income

$85,345

Housing Units

1,018

Renter Percentage

20.0%

Occupancy Rate

71.1%

Renter Occupied

145

ZIP code 78055, located in Austin, Texas, is a vibrant suburban area that offers a mix of residential neighborhoods and access to urban amenities. The region is characterized by a diverse population and a growing demand for affordable housing options, making it an attractive market for Section 8 real-estate investments.

The Fair Market Rent (FMR) for ZIP 78055 in fiscal year 2024 is set at $1240, providing landlords with a clear benchmark for rental pricing that aligns with federal housing assistance guidelines.
The average market rent in the area, according to the latest Census American Community Survey (ACS), stands at $929. This indicates that properties priced at the FMR level could attract a higher tenant pool seeking government subsidies.
The median home value in ZIP 78055 is $382,981, reflecting a moderate cost of living compared to other parts of Austin. This makes it feasible for investors to acquire properties without breaking the bank.
Renters make up 20.0% of the local housing market, suggesting a significant portion of the population relies on rental units. This high renter share can be indicative of strong demand for affordable housing options.
The median income for residents is $85,345, which is above the national average but still leaves many families eligible for Section 8 assistance, ensuring a steady stream of potential tenants.

Investors looking to enter the Section 8 real estate market in ZIP 78055 should take note of the favorable conditions presented by these data points. With the FMR exceeding the average market rent, there is an opportunity to charge rates that are both competitive and compliant with federal standards. The moderate median home value allows for a reasonable acquisition cost, while the substantial renter share ensures a robust tenant base. Additionally, the median income supports a healthy level of economic stability among potential tenants, reducing the risk of default. Overall, ZIP 78055 presents a balanced investment opportunity with strong fundamentals for Section 8 properties.

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.