Location: Austin-Round Rock-San Marcos, TX | Metro: Austin-Round Rock-San Marcos, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,510 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,800 |
| 5 Bedrooms | $3,248 |
| 6 Bedrooms | $3,638 |
| 7 Bedrooms | $3,929 |
| 8 Bedrooms | $4,125 |
ZIP code 78630, situated within the Austin-Round Rock-San Marcos, TX MSA, has a Fair Market Rent (FMR) of $1980 for fiscal year 2024. This figure is notably lower than the average FMR across the broader MSA, which tends to be more expensive than most areas in Texas. The lack of specific market rent and home value data for ZIP 78630 makes direct comparisons challenging, but the available FMR suggests it is a value pocket within the metro.
A recent search indicates that market rents in nearby areas, such as Round Rock, can range above $959 per month for studio apartments, highlighting the cost advantage of ZIP 78630. Given the FMR is set at $1980, landlords in ZIP 78630 can attract Section 8 voucher holders while still maintaining a competitive edge over more expensive areas within the MSA.
The absence of detailed home value data for ZIP 78630 implies that this area might have a different housing profile compared to other parts of the MSA. Typically, areas with lower FMRs and higher renter shares indicate potential sweet spots for Section 8 investments, due to the alignment between affordable rents and a significant tenant pool.
To conclude, ZIP 78630 appears to be a value pocket within the Austin-Round Rock-San Marcos MSA, offering lower FMRs and likely lower market rents compared to the metro average. This positioning makes it attractive for landlords and small-portfolio investors seeking to maximize their returns through Section 8 tenancy.
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.