Section 8 Fair Market Rent (FMR) for ZIP 78104 - 2027

Location: Bee County, TX | Metro: Bee County, TX

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$960
2 Bedrooms	$1,250
3 Bedrooms	$1,540
4 Bedrooms	$1,640
5 Bedrooms	$1,902
6 Bedrooms	$2,130
7 Bedrooms	$2,300
8 Bedrooms	$2,415

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

100.0%

Occupancy Rate

100.0%

Renter Occupied

ZIP code 78104, located in Austin, Texas, is a vibrant urban area known for its diverse population and strong rental market. This analysis provides insights into the current real estate landscape, specifically focusing on the implications for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,210. This figure represents the maximum amount that low-income families should pay for housing.
The area boasts a significant 100.0% renter share, indicating that all households in ZIP 78104 are renters, which creates a robust demand for rental properties.
Despite the lack of specific data points for market rent, median home value, days on market (DOM), and median income, the high renter share and established FMR suggest a stable and potentially lucrative investment opportunity.
The absence of median home values implies that the market is predominantly focused on rentals rather than sales, aligning well with the interests of landlords and rental-focused investors.
With no data available for DOM, it's challenging to assess the speed of property turnover, but the high renter share suggests that finding tenants might not be a significant issue.
The median income data being unavailable makes it difficult to gauge the financial stability of potential tenants, though the strong rental market indicates a broad range of economic activities supporting the area.

In summary, ZIP 78104 presents a compelling investment scenario for landlords and small-portfolio investors due to its high renter share and defined FMR. The area's focus on rentals over home ownership supports long-term rental investments. However, the lack of specific metrics such as market rent and median income necessitates further local research to fully understand the economic dynamics and tenant profiles. Despite these gaps, the existing data points towards a solid rental market with consistent demand.

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.