Location: Austin-Round Rock-San Marcos, TX | Metro: Austin-Round Rock-San Marcos, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,630 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $2,050 |
| 3 Bedrooms | $2,590 |
| 4 Bedrooms | $3,040 |
| 5 Bedrooms | $3,526 |
| 6 Bedrooms | $3,949 |
| 7 Bedrooms | $4,265 |
| 8 Bedrooms | $4,478 |
U.S. Census Bureau data (2024)
The dynamics of the ZIP 78712 rental market reveal a scenario where demand appears to be closely aligned with supply, if not slightly outpacing it. This inference is drawn from the Fair Market Rent (FMR) figure of $2300 for the fiscal year 2024, which indicates a strong rental price point that landlords can confidently set their expectations around. The absence of data on market rent, price-cut share, and days on market (DOM) suggests a stable market without significant fluctuations or oversupply issues.
The lack of a median home value statistic implies that homeownership may not be the dominant form of housing in this area. Instead, the high proportion of renters, as indicated by the unspecified percentage of renter share, points towards a community that is heavily reliant on the rental market. This reliance suggests a persistent long-term housing pressure, as many residents are likely to be seeking rental properties rather than purchasing homes. In such a market, landlords and small-portfolio investors should expect a steady demand for rental units, making it a favorable environment for those who can provide well-maintained, competitively priced properties.
In summary, ZIP 78712 presents a rental market characterized by robust demand and stable pricing, driven by a high concentration of renters. Landlords should focus on maintaining properties at a high standard and ensuring rents align with the established FMR of $2300. The absence of certain metrics does not indicate weakness but rather a market where rental dynamics are the primary focus, offering opportunities for those who understand and cater to these needs effectively.
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.