Section 8 Fair Market Rent (FMR) for ZIP 78631 - 2027

Location: Kimble County, TX | Metro: Gillespie County, TX

Investment Score for ZIP 78631

N/A

Monthly Rent (2BR)

$1,700

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,290
1 Bedroom	$1,310
2 Bedrooms	$1,700
3 Bedrooms	$2,070
4 Bedrooms	$2,430
5 Bedrooms	$2,819
6 Bedrooms	$3,157
7 Bedrooms	$3,410
8 Bedrooms	$3,581

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,070	$395,232	0.52%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,465

Median Household Income

$78,560

Housing Units

1,571

Renter Percentage

15.8%

Occupancy Rate

80.8%

Renter Occupied

201

Located in the heart of Central Texas, ZIP code 78631 offers a blend of suburban tranquility and urban convenience, making it an attractive location for both residents and investors. The area benefits from a growing population and steady employment opportunities, which contribute to its stable rental market.

The Fair Market Rent (FMR) for ZIP 78631 is set at $1,600 for the fiscal year 2026, indicating the government's benchmark for affordability in the region.
The average market rent for properties in this ZIP code stands at $1,304, according to the latest data from the Census American Community Survey.
The median home value in ZIP 78631 is $417,089, reflecting the overall cost of homeownership in the area.
Renters make up 15.8% of the housing market in 78631, showing a moderate demand for rental properties.
The median household income in this ZIP code is $78,560, suggesting that residents have the financial stability to support rental costs.

Analyzing these points, investors can see that ZIP 78631 presents a balanced opportunity. With a lower market rent compared to the FMR, there is potential for rental income growth as the area develops. A median home value of $417,089 suggests that property values are stable and could appreciate over time. Given the median income of $78,560, tenants are likely to be financially capable of paying higher rents, especially as the local economy continues to grow. However, with only 15.8% of the population being renters, landlords should focus on attracting and retaining tenants through competitive pricing and quality maintenance.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.