Location: Austin-Round Rock-San Marcos, TX | Metro: Austin-Round Rock-San Marcos, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,460 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,830 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
U.S. Census Bureau data (2024)
The ZIP code 78729 in Austin, TX, stands out as a prime area for real estate investment due to its unique demographic and economic profile. With a population of 30,460 residents, it has a significant rental market, with 61.5% of residents renting their homes. The median income here is relatively high at $86,438, indicating a financially stable community. However, the median home value is notably lower at $431,906 compared to other areas in Austin, which suggests that while the community is affluent, housing remains somewhat affordable.
In terms of Section 8 vouchers, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,930, which is significantly higher than the market rent (ZORI) of $1,351. This discrepancy means that landlords can potentially earn a premium by participating in the Section 8 program. The higher FMR reflects the government's acknowledgment of the rising cost of living in this part of Austin, making it an attractive option for investors looking to secure steady, government-backed rental income.
The data signature for ZIP 78729 reads as "stable." Despite the growing rental market, the overall population and median income levels suggest a community that is well-established and financially sound. The lower median home value compared to the rest of Austin indicates a balance between affordability and desirability, making it a safe bet for long-term investments. For landlords and small-portfolio investors, this ZIP code presents a reliable opportunity to leverage the benefits of the Section 8 program while maintaining a solid foothold in a stable and prosperous 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.