Section 8 Fair Market Rent (FMR) for ZIP 78627 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 78627, located in the Austin metropolitan area, is a region characterized by its suburban charm and proximity to urban amenities. This area offers a mix of residential neighborhoods and commercial spaces, making it an attractive location for both residents and investors.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 78627 for fiscal year 2024 is set at $1980, providing a benchmark for rental pricing in subsidized housing markets.
• The median home value in this ZIP code is currently not available, indicating a need for further research to understand the overall property values in the area.
• The percentage of the population that rents their homes is also not available, which means we cannot determine the exact ratio of renters to homeowners in 78627.
• The average number of days on the market (DOM) for properties in this area is not available, suggesting a lack of recent sales data which could indicate a stable market or limited activity.
• The median household income in ZIP 78627 is not available, making it difficult to assess the economic profile of the residents and their ability to pay higher rents or purchase homes.
• The current market rent for ZIP 78627 is not available, which means we cannot compare the FMR to the actual rents being charged in the unsubsidized market.

Investors looking at ZIP 78627 should focus on the known Fair Market Rent for subsidized units, which stands at $1980 for a two-bedroom apartment. However, the absence of key data points such as median home values, renter share, DOM, and median income suggests a need for deeper market analysis before committing capital. The lack of current market rent data indicates potential challenges in determining competitive pricing for rental properties without additional local insights. Despite these gaps, the area's appeal as part of the Austin metro can be leveraged for investment opportunities, but thorough due diligence is essential to navigate the uncertainties.

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.