Location: Austin-Round Rock-San Marcos, 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 | $1,620 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,570 |
| 4 Bedrooms | $3,020 |
| 5 Bedrooms | $3,503 |
| 6 Bedrooms | $3,923 |
| 7 Bedrooms | $4,237 |
| 8 Bedrooms | $4,449 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,040 | $492,186 | 0.41% | F |
| 3BR | $2,570 | $671,622 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 78722 in Austin, TX, stands out within Travis County due to its unique mix of economic indicators. With a population of 6,767 residents, it has a significant rental market, with 47.7% of the residents renting their homes. The median income in this area is relatively high at $105,046, which contrasts sharply with the median home value of $583,056, indicating a strong local economy but also suggesting that homeownership is a significant financial commitment.
In terms of Section 8 housing, the Fair Market Rent (FMR) for ZIP 78722 for fiscal year 2024 is set at $2,090. This figure is notably higher than the market rent, as indicated by the ZORI (Zillow Observed Rent Index), which stands at $1,701. This disparity means that landlords participating in the Section 8 program can expect to receive slightly above-average rents compared to the local market, making it a potentially attractive option for property owners looking to stabilize their tenant base with government-backed rental assistance.
The data signature for ZIP 78722 suggests a stable environment. Despite the high median home value, the robust median income supports a diverse housing market. The high FMR relative to the market rent indicates that the government is recognizing the cost of living in this area and adjusting accordingly. For landlords and small-portfolio investors, this stability offers a reliable framework for managing rental properties, especially those enrolled in the Section 8 program.
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.