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Travis County/Austin/78727

78727

ZIPSAFMR
Travis County, TX
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,660$1,230
1 BR$1,750$1,380
2 BR$2,080$2,040
3 BR$2,620$2,340
4 BR$3,080$2,520
5 BR$3,542Not available
6 BR$4,073Not available
7 BR$4,684Not available
8 BR$5,387Not available

Purchase Price Calculator

Maximum purchase price
$241,227

Cost breakdown

+Likely effective rent$2,040
HUD FMR$2,080
Market rentUsed$2,040
Est. payment standard (99%)$2,050
-Principal and interest-$1,220
Loan amount$192,981
Down payment$48,245
Rate6.50%
Term30 years
-Operating costs-$620
Property taxes-$241
Insurance-$175
Utilities$0
HOA$0
Management-$204
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,662(67.7% ROI)
Projected value
$259,775
Return breakdown
Property appreciation+$18,548
Loan principal paid down+$6,914
Rental cash flow+$7,200
5-year hold
+$56,029(116.1% ROI)
Projected value
$272,926
Return breakdown
Property appreciation+$31,699
Loan principal paid down+$12,330
Rental cash flow+$12,000
10-year hold
+$120,943(250.7% ROI)
Projected value
$308,791
Return breakdown
Property appreciation+$67,564
Loan principal paid down+$29,379
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.35
1 BR
1.27
2 BR
1.02
3 BR
1.12
4 BR
1.22
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78727 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78727 (Austin, TX) is $2,080 a month. That is down 1.0% from $2,100 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, 78727 has the 15th-highest two-bedroom rent (county range $1,670–$2,730). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78727 is 88% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78727
BedroomsFY 2027Change90–110% range
Studio$1,660−0.6%$1,494–$1,826
1BR$1,750−1.1%$1,575–$1,925
2BR$2,080−1.0%$1,872–$2,288
3BR$2,620−1.5%$2,358–$2,882
4BR$3,080−1.6%$2,772–$3,388

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78727
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,660$1,750$2,080$2,620$3,080
FY 2026$1,670$1,770$2,100$2,660$3,130
FY 2025$1,720$1,840$2,170$2,770$3,210
FY 2024$1,700$1,830$2,150$2,760$3,170
FY 2023$1,420$1,570$1,840$2,360$2,730

Two-bedroom rent in nearby Travis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78727
78721$1,810−13.0%
78722$2,040−1.9%
78723$1,740−16.3%
78724$1,680−19.2%
78725$2,460+18.3%
78726$1,840−11.5%
78727Current$2,080—
78728$1,750−15.9%
78729$1,830−12.0%
78730$1,900−8.7%
78731$1,780−14.4%
78732$1,990−4.3%

Questions about ZIP 78727 rents

How much will Section 8 pay for a two-bedroom in ZIP 78727?

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 $2,080 it would be $1,872 to $2,288. 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 78727 in?

ZIP 78727 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 78727 for FY 2027?

The two-bedroom FMR fell 1.0%, from $2,100 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 13.0%.

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