FY2027 Small Area FMR · Austin, TX

ZIP 78702 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 78702 (Austin, TX) is $2,440 a month, down 3.9% from FY2026. That is 34% above the Austin-Round Rock-San Marcos, TX area-wide FMR of $1,817.

2-bedroom SAFMR$2,440per month ▼ 3.9%

Area-wide 2 BR FMR$1,817Austin-Round Rock-San Marcos

Rank in the area6thof 131 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,196

2 BR Small Area FMR$2,440

110% of SAFMR$2,684

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,940▼ 4.0%

1 BR$2,050▼ 4.2%

2 BR$2,440▼ 3.9%

3 BR$3,080▼ 4.3%

4 BR$3,610▼ 4.7%

FY2027 FY2026

Where 78702 sits in the Austin-Round Rock-San Marcos, TX area

Of the 131 ZIP codes HUD lists for the area, 78702 has the 6th highest two-bedroom Small Area FMR. Austin-Round Rock-San Marcos, TX is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,817 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,440 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,940	$1,746 – $2,134	$1,447	$2,020
1 bedroom	$2,050	$1,845 – $2,255	$1,530	$2,140
2 bedrooms	$2,440	$2,196 – $2,684	$1,817	$2,540
3 bedrooms	$3,080	$2,772 – $3,388	$2,292	$3,220
4 bedrooms	$3,610	$3,249 – $3,971	$2,689	$3,790

A household renting a two-bedroom home at the Small Area FMR of $2,440 needs about $97,600 a year to keep housing costs at 30% of income. The area median family income is $134,400 and the 80% low-income limit for four people is $106,800. ZIP code 78702 lies mainly in Travis County. See the Austin-Round Rock-San Marcos, TX metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
78712	Austin	1.6 mi	$2,050
78701	Austin	1.7 mi	$2,730
78722	Austin	1.8 mi	$2,040
78721	Austin	1.9 mi	$1,810
78741	Austin	2.3 mi	$1,790
78705	Austin	2.6 mi	$1,870

Questions

What is the Fair Market Rent for ZIP code 78702?

HUD's FY2027 Small Area Fair Market Rents for 78702 are $1,940 (studio), $2,050 (1 BR), $2,440 (2 BR), $3,080 (3 BR) and $3,610 (4 BR) a month.

What is the Section 8 payment standard in 78702?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 78702 that range is $2,196 to $2,684 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 78702?

The FY2026 income limits of the Austin-Round Rock-San Marcos, TX area apply: median family income $134,400, low-income (80%) limit $106,800 for a family of four.