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Burnet County/Horseshoe Bay/78657

78657

ZIPSAFMR
Burnet County, TX
Zillow

ZIP Investment Score

42Below average

095130300
BRFMR
Eff. Rent
0 BR$1,160$1,170
1 BR$1,220$1,290
2 BR$1,530$1,650
3 BR$2,070$2,140
4 BR$2,120$2,330
5 BR$2,438Not available
6 BR$2,804Not available
7 BR$3,224Not available
8 BR$3,708Not available

Purchase Price Calculator

Maximum purchase price
$183,273

Cost breakdown

+Likely effective rent$1,650
HUD FMR$1,530
Market rent$1,720
Est. payment standard (108%)Used$1,650
-Principal and interest-$927
Loan amount$146,618
Down payment$36,655
Rate6.50%
Term30 years
-Operating costs-$523
Property taxes-$183
Insurance-$175
Utilities$0
HOA$0
Management-$165
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,545(72.4% ROI)
Projected value
$197,365
Return breakdown
Property appreciation+$14,092
Loan principal paid down+$5,253
Rental cash flow+$7,200
5-year hold
+$45,451(124.0% ROI)
Projected value
$207,356
Return breakdown
Property appreciation+$24,084
Loan principal paid down+$9,367
Rental cash flow+$12,000
10-year hold
+$97,653(266.4% ROI)
Projected value
$234,605
Return breakdown
Property appreciation+$51,332
Loan principal paid down+$22,321
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
0.92
2 BR
0.89
3 BR
0.95
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78657 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78657 (Horseshoe Bay, TX) is $1,530 a month. That is up 5.5% from $1,450 in FY 2026. Horseshoe Bay is in the Burnet County, TX non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,349. Among 13 ZIP codes in Burnet County, 78657 has the 7th-highest two-bedroom rent (county range $1,130–$2,070). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78657 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78657
BedroomsFY 2027Change90–110% range
Studio$1,160+4.5%$1,044–$1,276
1BR$1,220+8.0%$1,098–$1,342
2BR$1,530+5.5%$1,377–$1,683
3BR$2,070+4.5%$1,863–$2,277
4BR$2,120+1.0%$1,908–$2,332

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78657
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,220$1,530$2,070$2,120
FY 2026$1,110$1,130$1,450$1,980$2,100
FY 2025$1,050$1,060$1,380$1,820$2,090
FY 2024area FMR$879$885$1,138$1,604$1,637
FY 2023area FMR$657$793$983$1,352$1,357

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Burnet County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78657
76539$1,240−19.0%
76549$1,250−18.3%
76550$1,130−26.1%
78605$1,670+9.2%
78608$1,220−20.3%
78611$1,140−25.5%
78639$1,130−26.1%
78642$1,680+9.8%
78654$1,670+9.2%
78657Current$1,530—
78663$1,670+9.2%
78669$2,070+35.3%

Questions about ZIP 78657 rents

How much will Section 8 pay for a two-bedroom in ZIP 78657?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,349, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,214 to $1,484 a month; under the ZIP-level Small Area FMR of $1,530 it would be $1,377 to $1,683. 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 78657 in?

ZIP 78657 is in the Burnet County, TX non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,349.

How much did fair market rent change in ZIP 78657 for FY 2027?

The two-bedroom FMR rose 5.5%, from $1,450 in FY 2026 to $1,530 in FY 2027. Since FY 2025 it has risen 10.9%.

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