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Caldwell County/Kyle/78640

78640

ZIPSAFMR
Caldwell County, TX
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,480
1 BR$1,490$1,560
2 BR$1,770$1,740
3 BR$2,230$1,800
4 BR$2,620$2,020
5 BR$3,013Not available
6 BR$3,465Not available
7 BR$3,985Not available
8 BR$4,582Not available

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMR$1,770
Market rentUsed$1,740
Est. payment standard (99%)$1,750
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
0.94
2 BR
1.02
3 BR
1.24
4 BR
1.30
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78640 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78640 (Kyle, TX) is $1,770 a month. That is down 2.2% from $1,810 in FY 2026. Kyle 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 15 ZIP codes in Caldwell County, 78640 has the 2nd-highest two-bedroom rent (county range $1,160–$1,890). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78640 is 60% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78640
BedroomsFY 2027Change90–110% range
Studio$1,410−2.1%$1,269–$1,551
1BR$1,490−2.6%$1,341–$1,639
2BR$1,770−2.2%$1,593–$1,947
3BR$2,230−2.6%$2,007–$2,453
4BR$2,620−3.0%$2,358–$2,882

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78640
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,490$1,770$2,230$2,620
FY 2026$1,440$1,530$1,810$2,290$2,700
FY 2025$1,550$1,650$1,950$2,480$2,880
FY 2024$1,590$1,710$2,010$2,580$2,970
FY 2023$1,360$1,510$1,770$2,270$2,630

Two-bedroom rent in nearby Caldwell County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78640
78610$1,890+6.8%
78616$1,670−5.6%
78622$1,670−5.6%
78632$1,670−5.6%
78640Current$1,770—
78644$1,670−5.6%
78648$1,160−34.5%
78655$1,170−33.9%
78656$1,670−5.6%
78661$1,670−5.6%
78662$1,670−5.6%
78666$1,410−20.3%

Questions about ZIP 78640 rents

How much will Section 8 pay for a two-bedroom in ZIP 78640?

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 $1,770 it would be $1,593 to $1,947. 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 78640 in?

ZIP 78640 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 78640 for FY 2027?

The two-bedroom FMR fell 2.2%, from $1,810 in FY 2026 to $1,770 in FY 2027. Since FY 2023 it has risen 0.0%.

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