Location: Llano County, TX | Metro: Burnet County, TX
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $279,831 | 0.41% | F |
| 3BR | $1,490 | $360,713 | 0.41% | F |
| 4BR | $1,500 | $522,160 | 0.29% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 78611, located in Burnet, TX, and part of the Llano County, TX metro area, reveals several key points for landlords and small-portfolio investors. The first question addresses whether the rent math works. With a Fair Market Rent (FMR) set at $1,100 for the fiscal year 2026 and a current market rent (ZORI) of $1,698, it's clear that the rent math does work. Landlords can expect to charge significantly above the FMR, thus ensuring a healthy profit margin.
The second question concerns the affordability of property acquisition. The median home value in ZIP 78611 is $407,194. While the number of days on the market (DOM) is not available, the low 0.2% price-cut share suggests that homes are selling close to their asking prices, indicating a stable market where properties are valued appropriately and not overpriced. This makes the acquisition of properties relatively affordable compared to areas with higher price-cut shares.
The third question pertains to tenant demand. The population of 78611 is 14,560, with 19.7% of residents being renters. This indicates a moderate but steady demand for rental properties. Given the size of the population and the percentage of renters, landlords can expect a reasonable pool of potential tenants.
In conclusion, ZIP code 78611 presents a viable opportunity for real estate investment. The disparity between the FMR and ZORI ensures that rent math works in favor of landlords, while the median home value and the low price-cut share indicate an affordable and stable market for property acquisition. Additionally, the presence of a consistent tenant base supports the feasibility of rental operations. However, the limited number of days on the market data means further local research might be necessary to fully understand the speed of property sales.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.