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Travis County/Austin/78721

78721

ZIPSAFMR
Travis County, TX
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,440$1,430
1 BR$1,520$1,670
2 BR$1,810$1,990
3 BR$2,280$2,510
4 BR$2,680$2,950
5 BR$3,082Not available
6 BR$3,544Not available
7 BR$4,076Not available
8 BR$4,687Not available

Purchase Price Calculator

Maximum purchase price
$233,797

Cost breakdown

+Likely effective rent$1,990
HUD FMR$1,810
Market rent$2,430
Est. payment standard (110%)Used$1,990
-Principal and interest-$1,182
Loan amount$187,037
Down payment$46,759
Rate6.50%
Term30 years
-Operating costs-$608
Property taxes-$234
Insurance-$175
Utilities$0
HOA$0
Management-$199
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,878(68.2% ROI)
Projected value
$251,773
Return breakdown
Property appreciation+$17,977
Loan principal paid down+$6,701
Rental cash flow+$7,200
5-year hold
+$54,673(116.9% ROI)
Projected value
$264,519
Return breakdown
Property appreciation+$30,723
Loan principal paid down+$11,950
Rental cash flow+$12,000
10-year hold
+$117,957(252.3% ROI)
Projected value
$299,280
Return breakdown
Property appreciation+$65,483
Loan principal paid down+$28,474
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
0.72
2 BR
0.74
3 BR
0.78
4 BR
0.77
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78721 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78721 (Austin, TX) is $1,810 a month. That is down 4.7% from $1,900 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, 78721 has the 61st-highest two-bedroom rent (county range $1,670–$2,730). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78721 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78721
BedroomsFY 2027Change90–110% range
Studio$1,440−4.6%$1,296–$1,584
1BR$1,520−5.0%$1,368–$1,672
2BR$1,810−4.7%$1,629–$1,991
3BR$2,280−5.4%$2,052–$2,508
4BR$2,680−5.3%$2,412–$2,948

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78721
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,440$1,520$1,810$2,280$2,680
FY 2026$1,510$1,600$1,900$2,410$2,830
FY 2025$1,600$1,700$2,010$2,560$2,970
FY 2024$1,500$1,610$1,900$2,440$2,800
FY 2023$1,190$1,320$1,550$1,990$2,300

Two-bedroom rent in nearby Travis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78721
78715$1,850+2.2%
78716$1,850+2.2%
78718$1,850+2.2%
78719$1,730−4.4%
78720$1,850+2.2%
78721Current$1,810—
78722$2,040+12.7%
78723$1,740−3.9%
78724$1,680−7.2%
78725$2,460+35.9%
78726$1,840+1.7%
78727$2,080+14.9%

Questions about ZIP 78721 rents

How much will Section 8 pay for a two-bedroom in ZIP 78721?

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 $1,810 it would be $1,629 to $1,991. 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 78721 in?

ZIP 78721 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 78721 for FY 2027?

The two-bedroom FMR fell 4.7%, from $1,900 in FY 2026 to $1,810 in FY 2027. Since FY 2023 it has risen 16.8%.

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