Section 8 Fair Market Rent (FMR) for ZIP 78674 - 2027

Location: Austin-Round Rock-San Marcos, TX | Metro: Austin-Round Rock-San Marcos, TX MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,580
1 Bedroom	$1,670
2 Bedrooms	$1,980
3 Bedrooms	$2,500
4 Bedrooms	$2,930
5 Bedrooms	$3,399
6 Bedrooms	$3,807
7 Bedrooms	$4,112
8 Bedrooms	$4,318

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

108

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

75.0%

Renter Occupied

The ZIP code 78674, located in Hays County, Texas, is a rural area that lies within the Austin–Round Rock metropolitan statistical area. It's characterized by its serene environment and proximity to urban amenities, making it a desirable location for those seeking a quieter lifestyle while still being close to the bustling city of Austin.

Fair Market Rent (FMR): $1980 (ZIP FY 2024) - The fair market rent for a two-bedroom apartment in ZIP 78674 is set at $1980 per month for fiscal year 2024, indicating a relatively stable rental market.
Renter Share: 0.0% - This statistic highlights the dominance of homeownership in the area, with virtually no renters present. This could pose challenges for landlords looking to enter the market.
Median Home Value: N/A - While there isn't a specific median home value reported for ZIP 78674, the lack of data suggests a sparse housing market with limited transactions.
Days on Market (DOM): N/A - The absence of DOM data points to a low volume of property listings, which can make it difficult to gauge how quickly homes are selling.
Median Income: N/A - Without a reported median income figure, it's challenging to assess the economic strength of the area and the potential buying power of residents.

In summary, ZIP 78674 presents a unique challenge for landlords and small-portfolio investors due to its extremely low renter share and sparse housing market data. The fair market rent provides a benchmark for pricing units, but the lack of median home values, days on market, and median income figures underscores the need for caution when investing in this area. Landlords should be prepared for a niche market and possibly lower occupancy rates compared to more urbanized regions.

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.