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 Fair Market Rent (FMR) for ZIP code 78768 in fiscal year 2024 is set at $1950. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, the Housing Authority will pay up to $1950 per month towards rent for eligible tenants. It's important to note that this is not the amount you'll charge as rent; it's the maximum subsidy amount.
To put this into perspective, the average market rent in ZIP 78768 is currently N/A. While we don't have exact figures for comparison, the FMR provides a benchmark for what the government deems a reasonable rent for subsidized housing in your area. The percentage of renters in ZIP 78768 who could benefit from Section 8 is N/A%, indicating a significant demand for affordable housing options.
When acquiring a property to use for Section 8 rentals, the typical price range is N/A. This suggests that there is an opportunity to find properties that fit within a budget suitable for the program, but you should be prepared to conduct thorough due diligence on any potential investment.
A key factor to verify before committing to a Section 8 rental is whether your property meets the Housing Quality Standards (HQS). These standards ensure that the home is safe, decent, and sanitary for tenants. Failing to meet these criteria can result in non-payment or penalties, so it's crucial to confirm compliance to avoid financial loss.
In summary, the FMR of $1950 sets the subsidy limit for Section 8 in ZIP 78768. With a high demand for affordable housing and a reasonable property acquisition cost, participating in the program can be a sound investment strategy. However, ensuring your property meets HQS is essential for avoiding complications and maintaining a steady income stream.
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.