Skip to main content
Loading page
Travis County/Austin/78737

78737

ZIPSAFMR
Travis County, TX
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$1,890$1,310
1 BR$2,000$1,360
2 BR$2,370$2,380
3 BR$2,990$3,000
4 BR$3,510$3,060
5 BR$4,036Not available
6 BR$4,642Not available
7 BR$5,338Not available
8 BR$6,139Not available

Purchase Price Calculator

Maximum purchase price
$291,751

Cost breakdown

+Likely effective rent$2,380
HUD FMR$2,370
Market rent$2,380
Est. payment standard (100%)Used$2,380
-Principal and interest-$1,475
Loan amount$233,400
Down payment$58,350
Rate6.50%
Term30 years
-Operating costs-$705
Property taxes-$292
Insurance-$175
Utilities$0
HOA$0
Management-$238
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,995(65.1% ROI)
Projected value
$314,183
Return breakdown
Property appreciation+$22,433
Loan principal paid down+$8,362
Rental cash flow+$7,200
5-year hold
+$65,250(111.8% ROI)
Projected value
$330,089
Return breakdown
Property appreciation+$38,338
Loan principal paid down+$14,912
Rental cash flow+$12,000
10-year hold
+$141,247(242.1% ROI)
Projected value
$373,465
Return breakdown
Property appreciation+$81,715
Loan principal paid down+$35,533
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.44
1 BR
1.47
2 BR
1.00
3 BR
1.00
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78737 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78737 (Austin, TX) is $2,370 a month. That is down 4.4% from $2,480 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, 78737 has the 8th-highest two-bedroom rent (county range $1,670–$2,730). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78737 is 115% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78737
BedroomsFY 2027Change90–110% range
Studio$1,890−4.1%$1,701–$2,079
1BR$2,000−4.3%$1,800–$2,200
2BR$2,370−4.4%$2,133–$2,607
3BR$2,990−4.8%$2,691–$3,289
4BR$3,510−5.1%$3,159–$3,861

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78737
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,890$2,000$2,370$2,990$3,510
FY 2026$1,970$2,090$2,480$3,140$3,700
FY 2025$2,070$2,210$2,610$3,330$3,860
FY 2024$2,170$2,340$2,750$3,530$4,060
FY 2023$1,810$2,000$2,350$3,020$3,490

Two-bedroom rent in nearby Travis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78737
78730$1,900−19.8%
78731$1,780−24.9%
78732$1,990−16.0%
78733$2,730+15.2%
78734$2,110−11.0%
78735$2,130−10.1%
78736$2,000−15.6%
78737Current$2,370—
78738$2,120−10.5%
78739$2,730+15.2%
78741$1,790−24.5%
78742$1,670−29.5%

Questions about ZIP 78737 rents

How much will Section 8 pay for a two-bedroom in ZIP 78737?

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 $2,370 it would be $2,133 to $2,607. 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 78737 in?

ZIP 78737 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 78737 for FY 2027?

The two-bedroom FMR fell 4.4%, from $2,480 in FY 2026 to $2,370 in FY 2027. Since FY 2023 it has risen 0.9%.

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