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Travis County/Austin/78701

78701

ZIPSAFMR
Travis County, TX
Zillow

ZIP Investment Score

14Below average

095130300
BRFMR
Eff. Rent
0 BR$2,170$2,020
1 BR$2,300$2,530
2 BR$2,730$3,000
3 BR$3,440$3,780
4 BR$4,040$4,440
5 BR$4,646Not available
6 BR$5,343Not available
7 BR$6,144Not available
8 BR$7,066Not available

Purchase Price Calculator

Maximum purchase price
$383,882

Cost breakdown

+Likely effective rent$3,000
HUD FMR$2,730
Market rent$3,440
Est. payment standard (110%)Used$3,000
-Principal and interest-$1,941
Loan amount$307,106
Down payment$76,776
Rate6.50%
Term30 years
-Operating costs-$859
Property taxes-$384
Insurance-$175
Utilities$0
HOA$0
Management-$300
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,720(62.2% ROI)
Projected value
$413,399
Return breakdown
Property appreciation+$29,517
Loan principal paid down+$11,003
Rental cash flow+$7,200
5-year hold
+$82,066(106.9% ROI)
Projected value
$434,328
Return breakdown
Property appreciation+$50,445
Loan principal paid down+$19,621
Rental cash flow+$12,000
10-year hold
+$178,273(232.2% ROI)
Projected value
$491,402
Return breakdown
Property appreciation+$107,519
Loan principal paid down+$46,753
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.07
1 BR
0.73
2 BR
0.79
3 BR
0.79
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 78701 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78701 (Austin, TX) is $2,730 a month. That is down 1.8% from $2,780 in FY 2026. Austin 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 85 ZIP codes in Travis County, 78701 is tied for the highest two-bedroom rent (county range $1,670–$2,730). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78701 is 147% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78701
BedroomsFY 2027Change90–110% range
Studio$2,170−1.8%$1,953–$2,387
1BR$2,300−2.1%$2,070–$2,530
2BR$2,730−1.8%$2,457–$3,003
3BR$3,440−2.3%$3,096–$3,784
4BR$4,040−2.4%$3,636–$4,444

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78701
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,170$2,300$2,730$3,440$4,040
FY 2026$2,210$2,350$2,780$3,520$4,140
FY 2025$2,320$2,470$2,920$3,720$4,320
FY 2024$2,280$2,460$2,890$3,710$4,270
FY 2023$1,880$2,080$2,440$3,130$3,630

Two-bedroom rent in nearby Travis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78701
78691$1,850−32.2%
78701Current$2,730—
78702$2,440−10.6%
78703$2,440−10.6%
78704$2,050−24.9%
78705$1,870−31.5%
78708$1,850−32.2%
78709$1,850−32.2%
78711$1,850−32.2%
78712$2,050−24.9%
78714$1,850−32.2%
78715$1,850−32.2%

Questions about ZIP 78701 rents

How much will Section 8 pay for a two-bedroom in ZIP 78701?

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 $2,730 it would be $2,457 to $3,003. 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 78701 in?

ZIP 78701 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 78701 for FY 2027?

The two-bedroom FMR fell 1.8%, from $2,780 in FY 2026 to $2,730 in FY 2027. Since FY 2023 it has risen 11.9%.

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