FY2027 Small Area FMR · Austin, TX

ZIP 78724 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 78724 (Austin, TX) is $1,680 a month, down 4.5% from FY2026. That is 8% below the Austin-Round Rock-San Marcos, TX area-wide FMR of $1,817.

2-bedroom SAFMR$1,680per month ▼ 4.5%

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

Rank in the area91stof 131 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,512

2 BR Small Area FMR$1,680

110% of SAFMR$1,848

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

Studio$1,340▼ 4.3%

1 BR$1,410▼ 5.4%

2 BR$1,680▼ 4.5%

3 BR$2,120▼ 5.4%

4 BR$2,490▼ 4.2%

FY2027 FY2026

Where 78724 sits in the Austin-Round Rock-San Marcos, TX area

Of the 131 ZIP codes HUD lists for the area, 78724 has the 91st 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 $1,680 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	$1,340	$1,206 – $1,474	$1,447	$1,400
1 bedroom	$1,410	$1,269 – $1,551	$1,530	$1,490
2 bedrooms	$1,680	$1,512 – $1,848	$1,817	$1,760
3 bedrooms	$2,120	$1,908 – $2,332	$2,292	$2,240
4 bedrooms	$2,490	$2,241 – $2,739	$2,689	$2,600

A household renting a two-bedroom home at the Small Area FMR of $1,680 needs about $67,200 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 78724 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
78723	Austin	4.1 mi	$1,740
78721	Austin	4.2 mi	$1,810
78742	Austin	4.3 mi	$1,670
78725	Austin	4.4 mi	$2,460
78754	Austin	4.6 mi	$1,840
78722	Austin	5.8 mi	$2,040

Questions

What is the Fair Market Rent for ZIP code 78724?

HUD's FY2027 Small Area Fair Market Rents for 78724 are $1,340 (studio), $1,410 (1 BR), $1,680 (2 BR), $2,120 (3 BR) and $2,490 (4 BR) a month.

What is the Section 8 payment standard in 78724?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 78724 that range is $1,512 to $1,848 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 78724?

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.