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Travis County/Dripping Springs/78620

78620

ZIPSAFMR
Travis County, TX
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$1,500$1,650
1 BR$1,590$1,750
2 BR$1,890$2,080
3 BR$2,390$2,450
4 BR$2,800$3,070
5 BR$3,220Not available
6 BR$3,703Not available
7 BR$4,258Not available
8 BR$4,897Not available

Purchase Price Calculator

Maximum purchase price
$247,171

Cost breakdown

+Likely effective rent$2,080
HUD FMR$1,890
Market rent$2,180
Est. payment standard (110%)Used$2,080
-Principal and interest-$1,250
Loan amount$197,737
Down payment$49,434
Rate6.50%
Term30 years
-Operating costs-$630
Property taxes-$247
Insurance-$175
Utilities$0
HOA$0
Management-$208
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,290(67.3% ROI)
Projected value
$266,176
Return breakdown
Property appreciation+$19,005
Loan principal paid down+$7,084
Rental cash flow+$7,200
5-year hold
+$57,114(115.5% ROI)
Projected value
$279,651
Return breakdown
Property appreciation+$32,480
Loan principal paid down+$12,633
Rental cash flow+$12,000
10-year hold
+$123,332(249.5% ROI)
Projected value
$316,399
Return breakdown
Property appreciation+$69,229
Loan principal paid down+$30,103
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.74
1 BR
0.77
2 BR
0.87
3 BR
0.96
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78620 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78620 (Dripping Springs, TX) is $1,890 a month. That is up 2.2% from $1,850 in FY 2026. Dripping Springs is in the Austin-Round Rock-San Marcos, TX MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,817. Among 85 ZIP codes in Travis County, 78620 is tied for the 31st-highest two-bedroom rent (county range $1,670–$2,730). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78620 is 71% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78620
BedroomsFY 2027Change90–110% range
Studio$1,500+2.0%$1,350–$1,650
1BR$1,590+1.9%$1,431–$1,749
2BR$1,890+2.2%$1,701–$2,079
3BR$2,390+1.7%$2,151–$2,629
4BR$2,800+1.4%$2,520–$3,080

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78620
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,500$1,590$1,890$2,390$2,800
FY 2026$1,470$1,560$1,850$2,350$2,760
FY 2025$1,480$1,580$1,860$2,370$2,750
FY 2024$1,430$1,540$1,810$2,320$2,670
FY 2023$1,160$1,290$1,510$1,940$2,240

Two-bedroom rent in nearby Travis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78620
78610$1,8900.0%
78612$1,700−10.1%
78613$1,970+4.2%
78615$1,670−11.6%
78616$1,670−11.6%
78617$1,670−11.6%
78620Current$1,890—
78621$1,670−11.6%
78634$2,170+14.8%
78640$1,770−6.3%
78641$1,950+3.2%
78642$1,680−11.1%

Questions about ZIP 78620 rents

How much will Section 8 pay for a two-bedroom in ZIP 78620?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,817, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,635 to $1,999 a month; under the ZIP-level Small Area FMR of $1,890 it would be $1,701 to $2,079. 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 78620 in?

ZIP 78620 is in the Austin-Round Rock-San Marcos, TX MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,817.

How much did fair market rent change in ZIP 78620 for FY 2027?

The two-bedroom FMR rose 2.2%, from $1,850 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 25.2%.

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 Small Area Fair Market Rents and area FMRs. 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

County fair market rentDripping Springs, TX fair market rentTX statewide rentsWhat is SAFMR?Data sources