78667

ZIPSAFMR

Hays County, TX

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,330	$1,330	-0.5%
1 BR	$1,410	$1,410	-0.9%
2 BR	$1,670	$1,670	-0.8%
3 BR	$2,120	$2,120	-1.2%
4 BR	$2,490	$2,490	-0.4%
5 BR	$2,864	Not available	-0.4%
6 BR	$3,293	Not available	-0.4%
7 BR	$3,787	Not available	-0.4%
8 BR	$4,355	Not available	-0.4%

Purchase Price Calculator

Maximum purchase price

$186,245

Cost breakdown

+Likely effective rent$1,670

HUD FMRUsed$1,670

Market rentN/A

Est. payment standardN/A

-Principal and interest-$942

Loan amount$148,996

Down payment$37,249

Rate6.50%

Term30 years

-Operating costs-$528

Property taxes-$186

Insurance-$175

Utilities$0

HOA$0

Management-$167

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$26,859(72.1% ROI)

Projected value

$200,565

Return breakdown

Property appreciation+$14,320

Loan principal paid down+$5,338

Rental cash flow+$7,200

5-year hold

+$45,993(123.5% ROI)

Projected value

$210,719

Return breakdown

Property appreciation+$24,474

Loan principal paid down+$9,519

Rental cash flow+$12,000

10-year hold

+$98,847(265.4% ROI)

Projected value

$238,409

Return breakdown

Property appreciation+$52,164

Loan principal paid down+$22,683

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical

FY 2023-2027

FMR: FY2027
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 78667 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78667 (San Marcos, TX) is $1,670 a month. That is down 5.1% from $1,760 in FY 2026. San Marcos 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 19 ZIP codes in Hays County, 78667 is tied for the 11th-highest two-bedroom rent (county range $1,190–$2,730). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78667 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78667
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,400	$1,330	−5.0%	$1,197–$1,463
1BR	$1,490	$1,410	−5.4%	$1,269–$1,551
2BR	$1,760	$1,670	−5.1%	$1,503–$1,837
3BR	$2,240	$2,120	−5.4%	$1,908–$2,332
4BR	$2,600	$2,490	−4.2%	$2,241–$2,739

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78667
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,330	$1,410	$1,670	$2,120	$2,490
FY 2026	$1,400	$1,490	$1,760	$2,240	$2,600
FY 2025	$1,370	$1,480	$1,740	$2,230	$2,560
FY 2024	$1,350	$1,450	$1,710	$2,200	$2,520
FY 2023	$1,130	$1,240	$1,460	$1,880	$2,170

Two-bedroom rent in nearby Hays County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 78667
78610	$1,890	+13.2%
78619	$1,670	0.0%
78620	$1,890	+13.2%
78623	$1,440	−13.8%
78636	$1,670	0.0%
78640	$1,770	+6.0%
78652	$2,730	+63.5%
78656	$1,670	0.0%
78663	$1,670	0.0%
78666	$1,410	−15.6%
78667Current	$1,670	—
78676	$1,570	−6.0%

Questions about ZIP 78667 rents

How much will Section 8 pay for a two-bedroom in ZIP 78667?

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 $1,670 it would be $1,503 to $1,837. 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 78667 in?

ZIP 78667 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 78667 for FY 2027?

The two-bedroom FMR fell 5.1%, from $1,760 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 14.4%.

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 rent San Marcos, TX fair market rent TX statewide rents What is SAFMR?Data sources