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Williamson County/Georgetown/78628

78628

ZIPSAFMR
Williamson County, TX
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,060
1 BR$1,470$1,090
2 BR$1,740$1,760
3 BR$2,190$2,160
4 BR$2,580$2,320
5 BR$2,967Not available
6 BR$3,412Not available
7 BR$3,924Not available
8 BR$4,512Not available

Purchase Price Calculator

Maximum purchase price
$199,619

Cost breakdown

+Likely effective rent$1,760
HUD FMR$1,740
Market rent$1,770
Est. payment standard (101%)Used$1,760
-Principal and interest-$1,009
Loan amount$159,695
Down payment$39,924
Rate6.50%
Term30 years
-Operating costs-$551
Property taxes-$200
Insurance-$175
Utilities$0
HOA$0
Management-$176
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,270(70.8% ROI)
Projected value
$214,968
Return breakdown
Property appreciation+$15,349
Loan principal paid down+$5,721
Rental cash flow+$7,200
5-year hold
+$48,434(121.3% ROI)
Projected value
$225,850
Return breakdown
Property appreciation+$26,232
Loan principal paid down+$10,203
Rental cash flow+$12,000
10-year hold
+$104,222(261.1% ROI)
Projected value
$255,529
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.31
1 BR
1.35
2 BR
0.98
3 BR
1.01
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78628 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78628 (Georgetown, TX) is $1,740 a month. That is down 1.1% from $1,760 in FY 2026. Georgetown 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 34 ZIP codes in Williamson County, 78628 has the 24th-highest two-bedroom rent (county range $1,670–$2,230). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78628 is 58% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78628
BedroomsFY 2027Change90–110% range
Studio$1,390−0.7%$1,251–$1,529
1BR$1,470−1.3%$1,323–$1,617
2BR$1,740−1.1%$1,566–$1,914
3BR$2,190−2.2%$1,971–$2,409
4BR$2,580−0.8%$2,322–$2,838

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78628
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,470$1,740$2,190$2,580
FY 2026$1,400$1,490$1,760$2,240$2,600
FY 2025$1,440$1,530$1,810$2,310$2,680
FY 2024$1,410$1,520$1,790$2,300$2,640
FY 2023$1,160$1,290$1,510$1,940$2,240

Two-bedroom rent in nearby Williamson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78628
78613$1,970+13.2%
78615$1,670−4.0%
78621$1,670−4.0%
78626$1,980+13.8%
78627$1,890+8.6%
78628Current$1,740—
78630$1,890+8.6%
78633$2,230+28.2%
78634$2,170+24.7%
78641$1,950+12.1%
78642$1,680−3.4%
78646$1,890+8.6%

Questions about ZIP 78628 rents

How much will Section 8 pay for a two-bedroom in ZIP 78628?

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 $1,740 it would be $1,566 to $1,914. 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 78628 in?

ZIP 78628 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 78628 for FY 2027?

The two-bedroom FMR fell 1.1%, from $1,760 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 15.2%.

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