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 |
The ZIP Code 78646 in Leander, TX, presents a moderate investment opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $1,980 for fiscal year 2024, indicating a solid rental income potential. However, specific market and home value data is not readily available, which limits the ability to fully assess the yield potential.
Regarding stability, the median days on market (DOM) for ZIP 78646 is not explicitly provided, but the data from nearby areas suggests that properties typically stay on the market for less than 30 days, implying a relatively stable and active market. Additionally, the median family income in Leander is not directly stated, but the surrounding areas indicate a healthy income level, supporting the stability of the rental market.
The lack of precise figures for market prices and home values makes it challenging to definitively classify ZIP 78646 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. However, the combination of the FMR at $1,980 and the implied quick turnover rate suggests a balanced market that offers both reasonable yields and stability. Investors should focus on properties that align with the local rental demand and consider the overall economic health of the area to ensure sustainable returns.
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.