FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
0.86ratio
FMR$2,292
Market$2,660
vs market-$368
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR
0.92ratio
FMR$2,689
Market$2,910
vs market-$221
FMR is near market; voucher and private rents are aligned.
0.92
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 73301 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 73301 (Austin, TX) is $1,817 a month. That is down 1.9% from $1,852 in FY 2026. Austin is in the Austin-Round Rock-San Marcos, TX MSA. The median county two-bedroom FMR in Texas is $1,105, so ZIP 73301 is 65% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 73301
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,474
$1,447
−1.8%
$1,302–$1,592
1BR
$1,562
$1,530
−2.0%
$1,377–$1,683
2BR
$1,852
$1,817
−1.9%
$1,635–$1,999
3BR
$2,347
$2,292
−2.3%
$2,063–$2,521
4BR
$2,760
$2,689
−2.6%
$2,420–$2,958
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 73301
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,447
$1,530
$1,817
$2,292
$2,689
FY 2026
$1,474
$1,562
$1,852
$2,347
$2,760
FY 2025
$1,549
$1,650
$1,949
$2,484
$2,882
FY 2024
$1,519
$1,635
$1,924
$2,470
$2,840
FY 2023
$1,253
$1,386
$1,626
$2,088
$2,416
Questions about ZIP 73301 rents
How much will Section 8 pay for a two-bedroom in ZIP 73301?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,817, that basic range is $1,635 to $1,999 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 73301 in?
ZIP 73301 is in the Austin-Round Rock-San Marcos, TX MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 73301 for FY 2027?
The two-bedroom FMR fell 1.9%, from $1,852 in FY 2026 to $1,817 in FY 2027. Since FY 2023 it has risen 11.7%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Fair Market Rents. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set