Section 8 Fair Market Rent (FMR) for ZIP 78113 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$990
1 Bedroom	$1,070
2 Bedrooms	$1,300
3 Bedrooms	$1,680
4 Bedrooms	$1,900
5 Bedrooms	$2,204
6 Bedrooms	$2,468
7 Bedrooms	$2,665
8 Bedrooms	$2,798

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,026

Median Household Income

$78,505

Housing Units

1,204

Renter Percentage

26.1%

Occupancy Rate

94.4%

Renter Occupied

297

The ZIP code 78113, located in Austin, Texas, offers a vibrant urban environment with easy access to downtown amenities and employment opportunities. This area is known for its blend of residential neighborhoods and commercial spaces, making it attractive for both residents and investors.

The Fair Market Rent (FMR) for ZIP 78113 in fiscal year 2024 is set at $1310, indicating the government's benchmark for rental affordability.
The market rent, as per the latest Census American Community Survey (ACS), stands at $1,125, suggesting that the actual rental rates are slightly below the FMR but still competitive.
The median home value in the area is $420,751, reflecting a relatively stable housing market with strong property values.
Renters make up 26.1% of the population, showing a significant demand for rental properties but also indicating a substantial owner-occupied base.
The median income for residents is $78,505, which supports a healthy rental market where tenants can afford higher rents without straining their budgets.
While the days on market (DOM) for properties is listed as N/A, the combination of high median incomes and stable property values suggests that homes in this area sell quickly once they are listed.

Synthesizing these points, investors looking to enter the ZIP 78113 market can expect a solid rental income potential with a fair balance between rental demand and property values. The presence of a significant renter share alongside robust median incomes indicates a reliable tenant pool capable of sustaining rental rates near the FMR. However, the lower market rent compared to the FMR might suggest some room for price adjustment or improvement to attract higher-paying tenants. Overall, the area presents a favorable investment climate for those interested in either rental or resale opportunities.

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.