FY2027 Small Area FMR · Austin, TX

ZIP 78721 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 78721 (Austin, TX) is $1,810 a month, down 4.7% from FY2026. That is 0% equal to the Austin-Round Rock-San Marcos, TX area-wide FMR of $1,817.

2-bedroom SAFMR$1,810per month ▼ 4.7%

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

Rank in the area74thof 131 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,629

2 BR Small Area FMR$1,810

110% of SAFMR$1,991

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

Studio$1,440▼ 4.6%

1 BR$1,520▼ 5.0%

2 BR$1,810▼ 4.7%

3 BR$2,280▼ 5.4%

4 BR$2,680▼ 5.3%

FY2027 FY2026

Where 78721 sits in the Austin-Round Rock-San Marcos, TX area

Of the 131 ZIP codes HUD lists for the area, 78721 has the 74th 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 $1,810 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	$1,440	$1,296 – $1,584	$1,447	$1,510
1 bedroom	$1,520	$1,368 – $1,672	$1,530	$1,600
2 bedrooms	$1,810	$1,629 – $1,991	$1,817	$1,900
3 bedrooms	$2,280	$2,052 – $2,508	$2,292	$2,410
4 bedrooms	$2,680	$2,412 – $2,948	$2,689	$2,830

A household renting a two-bedroom home at the Small Area FMR of $1,810 needs about $72,400 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 78721 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
78702	Austin	1.9 mi	$2,440
78722	Austin	2.3 mi	$2,040
78723	Austin	2.4 mi	$1,740
78742	Austin	2.4 mi	$1,670
78712	Austin	3.0 mi	$2,050
78741	Austin	3.3 mi	$1,790

Questions

What is the Fair Market Rent for ZIP code 78721?

HUD's FY2027 Small Area Fair Market Rents for 78721 are $1,440 (studio), $1,520 (1 BR), $1,810 (2 BR), $2,280 (3 BR) and $2,680 (4 BR) a month.

What is the Section 8 payment standard in 78721?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 78721 that range is $1,629 to $1,991 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 78721?

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.