Section 8 Fair Market Rent (FMR) for ZIP 78074 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 78074, located in Austin, Texas, is part of a vibrant and growing urban landscape. Known for its blend of residential neighborhoods and proximity to city amenities, this area offers landlords and small-portfolio investors a promising opportunity to tap into the local housing market.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 78074 for fiscal year 2024 is set at $1680, providing a benchmark for rental pricing.
• Market rent data for the area is currently unavailable, indicating a need for further research to determine precise rental trends and competition levels.
• The median home value in the area is also not available, suggesting that there might be limited single-family home investment opportunities compared to multi-unit properties.
• The percentage of residents who are renters is unknown, which means that the exact demand for rental units cannot be quantified without additional data.
• The Days on Market (DOM) figure is not available, making it difficult to assess how quickly rental properties typically turn over in this area.
• The median income for the area is not available, which is critical for understanding the financial capacity of potential tenants and their ability to pay higher rents.

While the Fair Market Rent provides a clear starting point for setting competitive rental rates, the lack of specific data points such as market rent, median home value, renter share, DOM, and median income creates uncertainty. Landlords and small-portfolio investors should conduct thorough local market research to fill these gaps and make informed decisions about investments in ZIP 78074. The strong rental pricing signals a robust demand, but the missing data highlights the need for careful due diligence to ensure successful property management and investment outcomes.

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.