FY2027 Small Area FMR · Austin, TX

ZIP 78731 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 78731 (Austin, TX) is $1,780 a month, down 1.7% from FY2026. That is 2% below the Austin-Round Rock-San Marcos, TX area-wide FMR of $1,817.

2-bedroom SAFMR$1,780per month ▼ 1.7%

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

Rank in the area78thof 131 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,602

2 BR Small Area FMR$1,780

110% of SAFMR$1,958

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

Studio$1,420▼ 1.4%

1 BR$1,500▼ 2.0%

2 BR$1,780▼ 1.7%

3 BR$2,250▼ 1.7%

4 BR$2,630▼ 2.6%

FY2027 FY2026

Where 78731 sits in the Austin-Round Rock-San Marcos, TX area

Of the 131 ZIP codes HUD lists for the area, 78731 has the 78th 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 $1,780 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	$1,420	$1,278 – $1,562	$1,447	$1,440
1 bedroom	$1,500	$1,350 – $1,650	$1,530	$1,530
2 bedrooms	$1,780	$1,602 – $1,958	$1,817	$1,810
3 bedrooms	$2,250	$2,025 – $2,475	$2,292	$2,290
4 bedrooms	$2,630	$2,367 – $2,893	$2,689	$2,700

A household renting a two-bedroom home at the Small Area FMR of $1,780 needs about $71,200 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 78731 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
78757	Austin	2.1 mi	$1,790
78756	Austin	2.5 mi	$1,670
78751	Austin	3.7 mi	$2,200
78759	Austin	3.8 mi	$2,010
78703	Austin	3.8 mi	$2,440
78752	Austin	4.0 mi	$1,670

Questions

What is the Fair Market Rent for ZIP code 78731?

HUD's FY2027 Small Area Fair Market Rents for 78731 are $1,420 (studio), $1,500 (1 BR), $1,780 (2 BR), $2,250 (3 BR) and $2,630 (4 BR) a month.

What is the Section 8 payment standard in 78731?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 78731 that range is $1,602 to $1,958 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 78731?

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.