Location: Austin-Round Rock-San Marcos, TX | Metro: Austin-Round Rock-San Marcos, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
ZIP code 78667, located within the Austin-Round Rock-San Marcos, TX MSA, has a Fair Market Rent (FMR) of $1710 for fiscal year 2024. This figure is critical for understanding the rental dynamics in this area compared to other ZIP codes within the same metropolitan statistical area.
The FMR of $1710 in ZIP 78667 can be considered moderate when placed against the backdrop of the broader Austin-Round Rock-San Marcos MSA. The lack of specific market rent and home value data for this ZIP code suggests that it might not be a primary focus for large-scale real estate analysis, which could indicate it is less developed or has a smaller real estate footprint relative to other areas in the MSA.
The absence of a defined percentage for the renter share in ZIP 78667 also limits direct comparison to other ZIP codes within the MSA. However, given the FMR figure and the lack of high-value indicators such as elevated home values or market rents, it is reasonable to infer that ZIP 78667 leans towards being a value pocket within the Austin-Round Rock-San Marcos MSA. Value pockets are typically characterized by lower-than-average costs and can attract tenants who are seeking affordable housing options.
Without the exact renter share percentage, we cannot definitively state if ZIP 78667 represents a sweet spot for Section 8 investments, but the combination of an average FMR and the potential for a higher-than-average renter share due to its value pocket status could make it attractive for landlords participating in the Section 8 program.
To summarize, ZIP 78667 appears to be a value pocket within the Austin-Round Rock-San Marcos MSA based on the available data. Its FMR of $1710 suggests that it offers more affordable rental opportunities compared to premium sub-markets within the MSA, which could be beneficial for landlords looking to serve a segment of the population that is price-sensitive. While specific comparisons to typical ZIP codes within the MSA are limited by missing data points, the characteristics of 78667 suggest it is well-positioned for certain types of real estate investment strategies.
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.