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Hays County/Fischer/78623

78623

ZIPSAFMR
Hays County, TX
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,120$1,230
1 BR$1,190$1,310
2 BR$1,440$1,580
3 BR$1,850$2,040
4 BR$2,130$2,340
5 BR$2,450Not available
6 BR$2,817Not available
7 BR$3,239Not available
8 BR$3,725Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMR$1,440
Market rent$1,760
Est. payment standard (110%)Used$1,580
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.78
2 BR
0.82
3 BR
0.77
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78623 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78623 (Fischer, TX) is $1,440 a month. That is up 1.4% from $1,420 in FY 2026. Fischer is in the Austin-Round Rock-San Marcos, TX MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 19 ZIP codes in Hays County, 78623 has the 17th-highest two-bedroom rent (county range $1,190–$2,730). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78623 is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78623
BedroomsFY 2027Change90–110% range
Studio$1,120+1.8%$1,008–$1,232
1BR$1,190+1.7%$1,071–$1,309
2BR$1,440+1.4%$1,296–$1,584
3BR$1,850+1.6%$1,665–$2,035
4BR$2,130+0.9%$1,917–$2,343

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78623
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,190$1,440$1,850$2,130
FY 2026$1,100$1,170$1,420$1,820$2,110
FY 2025$1,150$1,240$1,500$1,910$2,230
FY 2024$1,160$1,270$1,530$1,950$2,290
FY 2023$1,020$1,160$1,390$1,770$2,110

Two-bedroom rent in nearby Hays County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78623
78606$1,190−17.4%
78610$1,890+31.3%
78619$1,670+16.0%
78620$1,890+31.3%
78623Current$1,440—
78636$1,670+16.0%
78640$1,770+22.9%
78652$2,730+89.6%
78656$1,670+16.0%
78663$1,670+16.0%
78666$1,410−2.1%
78667$1,670+16.0%

Questions about ZIP 78623 rents

How much will Section 8 pay for a two-bedroom in ZIP 78623?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,440, that basic range is $1,296 to $1,584 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 78623 in?

ZIP 78623 is in the Austin-Round Rock-San Marcos, TX MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 78623 for FY 2027?

The two-bedroom FMR rose 1.4%, from $1,420 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has risen 3.6%.

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 rentFischer, TX fair market rentTX statewide rentsWhat is SAFMR?Data sources