Location: Blanco County, 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 | $1,250 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,570 | $421,772 | 0.37% | F |
| 3BR | $1,980 | $468,648 | 0.42% | F |
| 4BR | $2,320 | $756,924 | 0.31% | F |
U.S. Census Bureau data (2024)
Wimberley, TX, located in ZIP code 78676, is a charming rural community with a total population of 15,822 residents. Only 21.3% of the population are renters, indicating a predominantly owner-occupied area. The median household income in this region stands at $87,344, reflecting a relatively affluent community. Median home values are notably high at $549,437, suggesting a robust local real estate market.
From an investment perspective, the Federal Market Rent (FMR) for ZIP code 78676 in fiscal year 2024 is set at $1,720. This figure contrasts with the market rent, known as the Zillow Observed Rent Index (ZORI), which is $1,999. This gap between the FMR and ZORI highlights the economic realities faced by landlords operating in this area. Given the higher market rents, landlords can expect a premium over the FMR when dealing with Section 8 tenants, although the exact amount will depend on the specific terms of the housing assistance contracts.
The low percentage of renters in Wimberley suggests that it might be less suitable for hands-off voucher operators who rely heavily on a large rental market. Instead, this area could be better suited for hands-on value-add buyers who are willing to invest in property improvements to attract tenants willing to pay closer to the market rent. These improvements might include modernizing kitchens and bathrooms, adding energy-efficient features, or enhancing outdoor living spaces to appeal to the affluent demographic.
In conclusion, Wimberley's ZIP code 78676 presents a unique opportunity for investors willing to engage actively in property management and enhancement. While the voucher program offers a stable tenant base, the market conditions favor those who can leverage the higher median incomes and home values to command premium rents.
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.