Location: Gillespie County, TX | Metro: Blanco County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
U.S. Census Bureau data (2024)
The ZIP code 78671, located within Gillespie County, TX, presents an interesting mix of characteristics when compared against typical ZIP codes within the same county. With a Fair Market Rent (FMR) of $1,360 for fiscal year 2026, it's important to note that the market rent for this area is currently unavailable. However, the median home value in ZIP 78671 stands at $498,175, which is significantly higher than what might be considered average for the county.
A key factor to consider is the renter share of the population, which is 19.7%. This percentage suggests that while a notable portion of the residents are renters, the majority own their homes. The combination of a relatively high renter share and a high median home value can indicate a few things about the ZIP code's position within the Gillespie County, TX metro:
The higher home values suggest that ZIP 78671 is likely a premium sub-market within the metro. Premium areas typically attract higher-income residents who can afford pricier homes. The FMR figure of $1,360 also supports this notion, as it indicates that rental costs in the area are on the higher side, reflecting the overall premium nature of the housing market.
The lack of available market rent data could imply that the rental market is less active or less documented compared to other ZIP codes within the county. This might be due to a smaller proportion of rental units relative to owner-occupied homes, or it could simply reflect a gap in the data.
The divergence between the high median home value and the significant renter share is worth noting. While this does not necessarily signal a Section 8 sweet spot — since the FMR is quite high — it does suggest that there is a segment of the population in this ZIP code that relies on rental housing, despite the overall expensive nature of the real estate market.
In conclusion, based on the provided data, ZIP 78671 appears to be a premium sub-market within the Gillespie County, TX metro, characterized by high home values and rental costs. The significant renter share, however, indicates that there is still demand for rental properties in this area, even if it doesn't represent a typical Section 8 opportunity given the high FMR.
Data Sources: FMR data from HUD (2027). 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.