FY2027 Small Area FMR · Austin, TX

ZIP 78723 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 78723 (Austin, TX) is $1,740 a month, down 1.1% from FY2026. That is 4% below the Austin-Round Rock-San Marcos, TX area-wide FMR of $1,817.

2-bedroom SAFMR$1,740per month ▼ 1.1%

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

Rank in the area82ndof 131 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,566

2 BR Small Area FMR$1,740

110% of SAFMR$1,914

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

Studio$1,390▼ 0.7%

1 BR$1,470▼ 1.3%

2 BR$1,740▼ 1.1%

3 BR$2,190▼ 2.2%

4 BR$2,580▼ 1.5%

FY2027 FY2026

Where 78723 sits in the Austin-Round Rock-San Marcos, TX area

Of the 131 ZIP codes HUD lists for the area, 78723 has the 82nd 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 $1,740 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	$1,390	$1,251 – $1,529	$1,447	$1,400
1 bedroom	$1,470	$1,323 – $1,617	$1,530	$1,490
2 bedrooms	$1,740	$1,566 – $1,914	$1,817	$1,760
3 bedrooms	$2,190	$1,971 – $2,409	$2,292	$2,240
4 bedrooms	$2,580	$2,322 – $2,838	$2,689	$2,620

A household renting a two-bedroom home at the Small Area FMR of $1,740 needs about $69,600 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 78723 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
78722	Austin	2.0 mi	$2,040
78752	Austin	2.2 mi	$1,670
78751	Austin	2.3 mi	$2,200
78721	Austin	2.4 mi	$1,810
78712	Austin	3.1 mi	$2,050
78705	Austin	3.2 mi	$1,870

Questions

What is the Fair Market Rent for ZIP code 78723?

HUD's FY2027 Small Area Fair Market Rents for 78723 are $1,390 (studio), $1,470 (1 BR), $1,740 (2 BR), $2,190 (3 BR) and $2,580 (4 BR) a month.

What is the Section 8 payment standard in 78723?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 78723 that range is $1,566 to $1,914 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 78723?

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.