Location: Austin-Round Rock-San Marcos, TX | Metro: Austin-Round Rock-San Marcos, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,740 |
| 5 Bedrooms | $3,178 |
| 6 Bedrooms | $3,559 |
| 7 Bedrooms | $3,844 |
| 8 Bedrooms | $4,036 |
The analysis of ZIP code 78711 within the Austin-Round Rock-San Marcos, TX MSA reveals several key points that landlords and small-portfolio investors should consider.
The first question is whether the rent math works. The Fair Market Rent (FMR) for ZIP 78711 in fiscal year 2024 is set at $1950. However, without specific market rent data, it's impossible to determine if this figure aligns with what tenants are willing to pay. Landlords must ensure that their rental rates are competitive and reflect the actual market conditions.
Regarding the affordability of acquisitions, the lack of precise median home values, days on market (DOM), and percentage of homes requiring price cuts means there is insufficient data to make a definitive judgment. Investors should seek out local real estate agents or utilize real estate databases to find up-to-date information on these metrics before making any purchase decisions.
Tenant demand is another critical factor. With incomplete data on the population and the percentage of renters in ZIP 78711, it's challenging to assess the potential occupancy rate and the competition for tenants. This area could have strong tenant demand given its proximity to Austin, but specific figures are needed to confirm this hypothesis.
Verdict: While ZIP 78711 appears to be situated in an attractive location near Austin, the necessary data to fully evaluate its potential for rental investment is currently unavailable. To proceed with confidence, landlords and investors must obtain detailed market rent, median home value, DOM, and renter share statistics. Without these specifics, the viability of acquiring properties and setting competitive rents remains uncertain.
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.