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 ZIP code 78763 in Unknown, TX, is part of the larger Austin-Round Rock-San Marcos metropolitan area. Due to limited availability of specific demographic data such as the number of residents, percentage of renters, median income, and median home value, it's challenging to provide a detailed profile of the area. However, the data we do have on the Fair Market Rent (FMR) offers insight into the housing dynamics relevant to Section 8 landlords and small-portfolio investors.
The Fair Market Rent for ZIP 78763 for fiscal year 2024 is set at $1950. This figure represents the maximum amount that landlords can charge for rent under the Section 8 program, which is designed to ensure affordable housing options for low-income families. Despite the lack of specific market rent data, the FMR serves as a benchmark for understanding the rental affordability in the region.
Investing in Section 8 properties in ZIP 78763 can be a stable source of income for landlords, given the government's commitment to paying the difference between the tenant's contribution and the FMR. This ensures a predictable and consistent cash flow, assuming the landlord adheres to the program requirements and maintains their properties to meet the necessary standards.
The data signature for ZIP 78763 appears to be stable, suggesting that the local housing market and economic conditions are unlikely to experience significant fluctuations in the near future. This stability is beneficial for both landlords and small-portfolio investors looking for long-term, reliable investments in the Austin area.
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.