Section 8 Fair Market Rent (FMR) for ZIP 78752 - 2027
Location: Austin-Round Rock-San Marcos, TX | Metro: Austin-Round Rock-San Marcos, TX MSA
Investment Score for ZIP 78752
F
Monthly Rent (2BR)
$1,670
Median Price (2BR)
$335,757
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,330 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 2BR |
$1,670 |
$335,757 |
0.5% |
F |
| 3BR |
$2,120 |
$413,456 |
0.51% |
F |
| 4BR |
$2,490 |
$515,561 |
0.48% |
F |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$67,682
Austin, TX's ZIP code 78752 presents an interesting case for real estate investors considering Section 8 properties. Let's address some key concerns that might arise.
- Objection: Will FMR $1670 (zip FY 2024) cover the mortgage on a $380,048 home? The Fair Market Rent (FMR) for ZIP 78752 is set at $1670 per month for fiscal year 2024. To determine if this will cover the mortgage, we must consider the typical interest rates and loan terms. Assuming a 30-year fixed-rate mortgage at a current average rate of 6%, the monthly payment on a $380,048 home would be approximately $2,250. This means the FMR does not fully cover the mortgage payment, leaving a shortfall of around $580 per month. However, it's important to note that property values and mortgage rates can fluctuate, so this calculation provides a baseline but should be adjusted based on the latest rates and conditions.
- Objection: Is there enough renter demand at 79.8%? The vacancy rate of 79.8% suggests a robust rental market. A low vacancy rate indicates high demand, which is positive for landlords and small-portfolio investors. Tenants are likely to be eager to secure housing, reducing the risk of prolonged vacancies. This demand supports the stability of rental income, making it easier to find and retain tenants willing to pay the FMR.
- Objection: Will vouchers keep pace with $1,613 market rents? While the voucher amount is pegged at $1670, market rents stand at $1,613. This indicates that voucher recipients can afford slightly higher rents than the market average, which could help cover any additional costs such as maintenance or unexpected repairs. However, it's crucial to monitor local trends and policy changes, as they can affect both voucher amounts and market rents. Ensuring that the voucher program remains adequately funded is essential for maintaining this balance.
The data paints a mixed picture for investors looking into ZIP 78752. While there is strong tenant demand and vouchers exceed market rents, the FMR may not fully cover mortgage payments under current conditions. Investors should conduct thorough due diligence, including checking recent mortgage rates and local rental trends, before making decisions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.