Location: Austin-Round Rock-San Marcos, TX | Metro: Austin-Round Rock-San Marcos, TX MSA
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 | $2,170 |
| 1 Bedroom | $2,300 |
| 2 Bedrooms | $2,730 |
| 3 Bedrooms | $3,440 |
| 4 Bedrooms | $4,040 |
| 5 Bedrooms | $4,686 |
| 6 Bedrooms | $5,248 |
| 7 Bedrooms | $5,668 |
| 8 Bedrooms | $5,951 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,440 | $425,831 | 0.81% | C |
| 4BR | $4,040 | $489,481 | 0.83% | C |
U.S. Census Bureau data (2024)
12.9% of residents in ZIP 78652 are renters, indicating a smaller but stable rental market. The Fair Market Rent (FMR) for the area, set at $2350 for zip FY 2024, closely aligns with the actual market rent, which stands at $2,195 (ZORI). This suggests that landlords can expect to charge competitive rates without significant adjustments. The median home value in the area is $466,307, reflecting a moderately priced housing market. Landlords looking to invest in single-family homes or properties should consider this figure when evaluating potential purchases. With a median income of $133,368, tenants in this area have the financial capacity to meet higher rent demands, making it easier for landlords to attract quality tenants who can afford the ZORI. The data shows a 0.2% price-cut share, suggesting that very few listings need to reduce their asking price to secure a tenant, indicating strong demand for rental properties at or near their listed rates. In conclusion, the combination of a slightly above-market FMR, a reasonable median home value, and a robust median income makes ZIP 78652 an attractive investment opportunity for landlords and small-portfolio investors interested in Section 8 participation. The low percentage of price cuts further supports the idea that properties can be rented at fair market rates without difficulty.
Section 8 Verdict: ZIP 78652 is suitable for Section 8 investments due to its stable rental market and financially capable residents.
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.