Location: Gillespie County, TX | Metro: Gillespie County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
ZIP code 78675, located within the Gillespie County, TX metro area, presents a unique scenario for real estate analysis. The Fair Market Rent (FMR) for this ZIP code is set at $1,340 for fiscal year 2026, which is a key figure for understanding the rental market dynamics.
The lack of available data on market rent and home values for ZIP 78675 suggests that it may be a less developed or sparsely populated area within the county. This absence of information can indicate that the area has fewer properties listed for rent or sale, making it challenging to assess its overall market conditions compared to other ZIP codes in Gillespie County, TX.
A critical point to note is the 0.0% renter share in ZIP 78675. This implies that virtually all residents own their homes, which is an unusual characteristic when evaluating a potential Section 8 market. Typically, a higher renter share might suggest a greater reliance on affordable housing programs, including Section 8. However, the 0.0% figure here points towards a community predominantly made up of homeowners, reducing the direct applicability of Section 8 subsidies.
To determine if ZIP 78675 represents a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we must rely on the FMR as our primary metric. Given that the FMR is $1,340, we can infer that rental costs in this ZIP code are likely to align closely with this figure. Without comparative data on market rents and home values from other ZIP codes in Gillespie County, TX, it's difficult to definitively categorize 78675's position within the broader metro market. However, the combination of a defined FMR and a zero renter share suggests that this ZIP code is not a typical target for Section 8 subsidies, as it lacks the necessary rental activity.
In summary, ZIP 78675 stands out due to its unique characteristics, particularly its low renter share and defined FMR. While it may not represent a conventional Section 8 sweet spot due to the lack of rental properties, landlords and small-portfolio investors should still consider the FMR of $1,340 as a benchmark for potential rental pricing. Further investigation into the local real estate trends would be necessary to fully understand its economic positioning within the Gillespie County, TX metro area.
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.