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Caldwell County/Martindale/78655

78655

ZIPSAFMR
Caldwell County, TX
Zillow

ZIP Investment Score

72Below average

095130300
BRFMR
Eff. Rent
0 BR$920$1,010
1 BR$990$1,090
2 BR$1,170$1,290
3 BR$1,490$1,640
4 BR$1,740$1,910
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMR$1,170
Market rent$1,520
Est. payment standard (110%)Used$1,290
-Principal and interest-$656
Loan amount$103,822
Down payment$25,955
Rate6.50%
Term30 years
-Operating costs-$434
Property taxes-$130
Insurance-$175
Utilities$0
HOA$0
Management-$129
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,898(80.5% ROI)
Projected value
$139,756
Return breakdown
Property appreciation+$9,979
Loan principal paid down+$3,720
Rental cash flow+$7,200
5-year hold
+$35,687(137.5% ROI)
Projected value
$146,831
Return breakdown
Property appreciation+$17,054
Loan principal paid down+$6,633
Rental cash flow+$12,000
10-year hold
+$76,154(293.4% ROI)
Projected value
$166,126
Return breakdown
Property appreciation+$36,349
Loan principal paid down+$15,806
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.76
2 BR
0.77
3 BR
0.82
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78655 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78655 (Martindale, TX) is $1,170 a month. That is down 10.0% from $1,300 in FY 2026. Martindale 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 15 ZIP codes in Caldwell County, 78655 has the 14th-highest two-bedroom rent (county range $1,160–$1,890). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78655 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78655
BedroomsFY 2027Change90–110% range
Studio$920−8.9%$828–$1,012
1BR$990−9.2%$891–$1,089
2BR$1,170−10.0%$1,053–$1,287
3BR$1,490−9.7%$1,341–$1,639
4BR$1,740−9.8%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78655
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$920$990$1,170$1,490$1,740
FY 2026$1,010$1,090$1,300$1,650$1,930
FY 2025$1,120$1,210$1,440$1,830$2,140
FY 2024$1,060$1,150$1,370$1,750$2,040
FY 2023$870$980$1,160$1,480$1,750

Two-bedroom rent in nearby Caldwell County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78655
78610$1,890+61.5%
78616$1,670+42.7%
78622$1,670+42.7%
78632$1,670+42.7%
78640$1,770+51.3%
78644$1,670+42.7%
78648$1,160−0.9%
78655Current$1,170—
78656$1,670+42.7%
78661$1,670+42.7%
78662$1,670+42.7%
78666$1,410+20.5%

Questions about ZIP 78655 rents

How much will Section 8 pay for a two-bedroom in ZIP 78655?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,170, that basic range is $1,053 to $1,287 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 78655 in?

ZIP 78655 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 78655 for FY 2027?

The two-bedroom FMR fell 10.0%, from $1,300 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 0.9%.

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